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svetlana [45]
3 years ago
15

Demand for an item is 1,700 units per year. Each order placed costs $8; the annual cost to carry items in inventory is $3 each.

In what quantities should the item be ordered
Business
1 answer:
Simora [160]3 years ago
8 0

Answer:

95.22 units

Explanation:

The computation of the number of quantities for ordering the items is shown below:

For this question, we need to find out the economic order quantity which is

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

where,

Annual demand is 1,700 units per year

Ordering cost per order is $8

Carrying cost per unit is $3

Now placing these values to the above formula

So, the economic order quantity is

= \sqrt{\frac{2\times \text{1,700}\times \text{\$8}}{\text{\$3}}}

= 95.22 units

We simply applied the above formula to find out the number of quantities for order

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a way to get a large amout of money (legally) to pay off the debt

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an alternative to stocks, but school never taught you what stocks are, so now get more money to buy a phone so u can have basic knowlede

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7 0
2 years ago
Which of the following is one of the reasons that the supply curve for loanable funds is upward sloping? A lower real interest r
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Answer:

A lower real interest rate makes saving less appealing.

Explanation:

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4 0
3 years ago
Abramov Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold a
brilliants [131]

Answer:

Option c is correct

$245,680

Explanation:

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Cost per unit before adjustment for absorbed overhead=

=$737,040./22,200 units

=$33.2 per unit

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= (cost per unit × units sold)

= $33.2 × 7,400

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3 0
3 years ago
Read 2 more answers
Wells Company's delivery truck, with a cost of $56,000 was destroyed by fire. At the time of the fire, the balance of the Accumu
seraphim [82]

Explanation:

Is the answer C if not please explain

8 0
3 years ago
Dizzy Amusement Park is open from 8:00 am till midnight every day of the year. Dizzy charges its patrons a daily entrance fee of
Licemer1 [7]

Answer:

C. Step variable cost

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Variable costs are those costs which vary with the level of production. e.g labor cost.

In this case, a T- shirt is given to every 100th customer.  This kind of cost is step cost at the level of 100th customer. The number of T-shirts in a day would depend upon the no of patrons arriving each day i.e variable.

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6 0
3 years ago
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