Read the problem and answer the questions below. Write your answers in theworksheet1. There are 1,000 iron bars in stock, and 1,500 are due in form orders that were placedpreviously. The company sells iron bars at the rate of 100 per day and observed that it takesan average pf 20 days for an order to be received. Because usage and lead times areknown with certainty and because the company has determined that an order must beplaced now, the desired safety stock quantity must be equal to2. Heir Company has a plant that manufactures PSP. One of its is PSP 5. Expected demandis 5,200 of this video player in April 2021. Heir estimates the ordering cost per purchaseorder to be P2500. The carrying cost for one unit of PSP in stock is P50. What is the EOQfor PSP 5?3. GameSports operates a boutique featuring sports merchandise. It uses EOQ model inmaking inventory decision. It is now considering inventory decisions for its UAAP jerseysproduct line. This is highly popular item. Data for 2021 are:Expected annual demand for PBA20,000Ordering costs for purchase orderP450Carrying costs per yearP20 per jerseyEach jersey costs the UAAP organization P 20 (12% of P 40 purchase price) plus P5.20in relevant insurance, handling, and theft-related costs. The purchasing lead time is 7days. UAAP organization is open 365 days a year.What is its EOQ?4. Rudolf Corporation makes aluminum fasteners. Among Rudolrs manufacturing costswere:Materials and supplies:Aluminum.$400,00018,0005,000Machine partsLubricants for machines..Direct materials amounted to:5. Merry Company has developed the following data to assist in controlling one of its materoalinventory items:Economic order quantityAverage daily useMaximum daily useWorking days per yearSafety stockCost of carrying inventoryLead timeWhat is the reorder point?1,000 liters100 liters120 liters250 days140 litersP 1.00 per liter per year7 working days

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Read the problem and answer the questions worksheet 1. There are 1,000 iron bars in stock, and 1,500 are due in form orders that were placed previously. The company sells iron bars at the rate of 100 per day and observed that it takes an average pf 20 days for an order to be received. Because usage and lead times are known with certainty and because the company has determined that an order must be placed now, the desired safety stock quantity must be equal to ufoctures PSP. One of its is PSP 5. Expected demand

Read the problem and answer the questions worksheet 1. There are 1,000 iron bars in stock, and 1,500 are due in form orders that were placed previously. The company sells iron bars at the rate of 100 per day and observed that it takes an average pf 20 days for an order to be received. Because usage and lead times are known with certainty and because the company has determined that an order must be placed now, the desired safety stock quantity must be equal to ufoctures PSP. One of its is PSP 5. Expected demand

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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