Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Economic Order Quality or EOQ
Define the model and the three methods of computing the EOQ.
1. Assumptions of the model.
Illustration
The given information was extracted from the books of Danex Holdings relating to its stocks as:
i.
Reorder quantity
1,800
ii.
Reorder period
4 weeks
iii.
Maximum consumption
450 units/week
iiv.
Normal consumption
300 units/week
v.
Minimum consumption
150 units/week
vii
Maximum reorder period
5 weeks
Minimum reorder period
3 weeks
Required
Find out the given stock levels for Danex Holdings as:
i. Minimum stock level
ii. Maximum stock level
iii. Re-order level
Solution
i) Re-order level
= Maximum consumption X maximum reorder period
= 450 units X 5 weeks
= 2,250 units
ii) Maximum stock level
= reorder level + reorder quantity-(Minimum consumption X minimum reorder period)
= 2250 + 1800 - (150 X3) = 4050 - 450 = 3600 units
iii) Minimum stock level
= Reorder level - (Normal consumption X normal reorder period)
= 2,250 - (300 X 4) = 2250 - 1200 = 1050 units
i need help on my homework
ACRS is a system of depreciation started by the Economic Recovery Tax Act of 1981. ACRS depreciation relies on recovery periods in spite of useful life. These periods were preset b
Calculate the β of Maine Corporation from the following data. The prices are at the beginning and at the end of each year Normal 0 false false
Rayya Co. purchases and installs a machine on January 1, 2013, at a total cost of $105,000. Straight-line depreciation is taken each year for four years assuming a seven-year life
1. The following three one-year "discount" loans are available toyou: Loan A: $120,000 at a 7 percent discount rate Loan B: $110,000 at a 6 percent discount rate Loan
Denair Fine Wines, Inc., is planning to bring out a higher-quality wine product than any currently available in Stanislaus county. They've decided on selling the blended, fortified
Describe the meaning of the fixed production overhead variances calculated under the standard absorption costing system and talk about their usefulness to the management of X Ltd.
I have a project for cost account and I need the solution for it
Direct Labour Efficiency Variances It is the difference between the standard hours allowed for the actual production achieved and the hours actually worked, all valued at THE
The Federal Reserve adjusts short term interest rates based upon their perceptions of the needs in the economy. Please describe the ways the Federal Reserve can influence interest
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd