Answer:
Total inventory procuring cost $ 12.000
Explanation:
Step 1. Given information. and Step 2. Formulas needed to solve the exercise.
To find out invencoty cost, we need to calculate EQO
EOQ = sqrt of (2 * ordering cost per order * total quantity required / carrying cost per order)
Total inventory procuring cost = Carrying cost per unit per year (EOQ/2) + Fixed order cost * no of times ordered
Step 3. Calculation. and Step 4. Solution.
EOQ = sqrt of (2 * 500 * 8.000 / 18) = 667 units.
Therefore no of times to be ordered = 8.000/667 = 11.99 = 12 times
Total inventory procuring cost = 18 (667/2) + 500 (8.000/667) = $ 12.000
Note
Total Inventory procuring Cost is the sum of the carrying cost and the ordering cost of inventory.
Answer:
it b i promise it is the right answer i know
There should be consider if the product is necessary.
Answer:
Gross margin= $40,000
Explanation:
Giving the following information:
Per-unit product cost: $30
Gross margin percentage:40%
Selling and administrative expenses $30,000
Operating income$10,000
We know that:
operating income= gross margin- selling and administrative income
10000= gross margin- 30000
40000= gross margin
Answer:
Social responsibility: It is an ethical theory in which individuals are accountable for fulfilling their civic duty.
Social ethics: It refers to guidelines and principle if that group of people who decided to references to in order to be accepted.
