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!
Example of Economic Order Quantity
The EOQ model supposes:
- Annual demand is recognized
- Hold costs are constant and recognized
- Ordering costs are recognized and constant
- The same quantity is ordered every instance an order is made as demand as assumed not to fluctuate considerably.
Example
ABC Ltd has an aggregate demand of 1.2 Million units. All time they put an order there is an ordering cost of shs 1,000, holding cost is shs 100 per unit. Find out:
i. EOQ
ii. No. of order to be made based EOQ
iii. Net cost of stocks based on the EOQ
Solution
EOQ = √(aDCo/Ch)
= (2 x 1200000 x 1000)/100
= 489 units
i) No of order = 1200000/4899
= 244.9
≈ 245 Orders
ii) Net cost = DCo/Q + (½ QCh)
= 1200000 (1000) /4899 + ½ (4899)100 = 489,900
Standard Costing A standard cost is a predetermined calculation of how much is supposed to be incurred under specific particular working conditions. It is not an average of pa
Place a prepared slide of Paratuecium under the microscope and focus it under low power (5x x 5x) and observe the following: i) It has a cigar-shaped or slipper-shaped body
budget preparation
What are the major features of JIT?
a company has the budget for manufacturing overhead based on direct labor hours. budgeting at 10,000 direct labor hours are as follows. Variable costs= 160000 Fixed Costs
Change in Fixed Cost In graph yx shows the existing profit curve for a company along with a fixed cost OY break=-even point B, margin of safety M; profit SX whereas sales volu
Cost Estimation Cost estimation may be defined with 'a study that attempts to predict among costs and the activity level or cost driver that causes those costs. In practical
advantages and disadvantages of just in time
LEV;LRV
The follow data relates ot year 20XX for Plano Manufacturing Company: Units produced - 2,000 Units sold - 1,800 Selling price - $200 / per unit Direct material costs - $80,000 Dir
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