Compute the total annualized costs of inventory

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Reference no: EM132112532

1. To assure that all purchases are authorized before payment is made, accounting department personnel should match the vendor's invoice to the:

A. purchase order

B. voucher

C. receiving report

D. sales order

2. a) Compute the Total annualized Costs of Inventory (TC) given the following data: ordering or setup costs: $50 per order placed, annual demand: 50,000 units, order quantity: 650, carrying charge: 30%, cost of the item (C): $25

b) Define carrying charge. What does a carrying charge include?

Reference no: EM132112532

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