Calculate the eoq for denim cloth

Assignment Help Financial Accounting
Reference no: EM132933294

The Fabric World sells fabrics to a wide range of industrial and consumer users. One of the products it carries is denim? cloth, used in the manufacture of jeans and carrying bags. The supplier for the denim cloth pays all incoming freight. No incoming inspection of the denim is necessary because the supplier has a track record of delivering? high-quality merchandise.

The purchasing officer of the Fabric World has collected the following? information:

Annual demand for denim cloth:  27,000 metres
Ordering cost per purchase order: $180
Carrying cost per year:  30?% of purchase costs
?Safety-stock requirements:  None
Cost of denim cloth: $10 per metre

Problem 1: Calculate the EOQ for denim cloth.

Reference no: EM132933294

Questions Cloud

Maintenance of stable atmospheric conditions : You are planning to travel to the planet Mars to be a member of a colony there. The colony needs to be self-sufficient for production of food, and will also nee
Collecting tubules and secreted to the descending limb : Urea Discussion Urea is reabsorbed from the collecting tubules and secreted to the descending limb of the nephron loop (a.k.a., Loop of Henle).
What are the independent and dependent variables : What are the independent and dependent variables in the photosynthesis experiment?
Are gender traits completely result of societal expectations : Are gender traits completely a result of societal expectations?Are there nuclear reactions going on in our bodies?
Calculate the eoq for denim cloth : Calculate the EOQ for denim cloth. The supplier for the denim cloth pays all incoming freight. No incoming inspection of the denim is necessary
What is the genotypic ratio of an organism : What is the genotypic ratio of an organism that is heterozygous for a trait and is crossed with another heterozygous organism? (For example Tt x Tt)?
How does hometosis gets affected by parkinson disease : What body system and how does hometosis gets affected by Parkinson disease?
Which of the dollar amount should be used to record : Which of the following dollar amount should be used to record the transaction, assuming that all of the following amounts are readily determinable?
Patient with acute myeloid leukemia : What symptoms would a patient with acute myeloid leukemia have? What symptoms are present in the patient?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Amount and character of recognized gain or loss from sale

A C corporation purchased an office building on January 1, 10X1, for $255,000 (not including the land on which the building was located). On January 1,2017, the corporation sells the building for $375,000. Depreciation of $93,750 was taken on the bui..

  What interest rate is implied by a cash flow today

When it comes to obtaining the cash for the purchase of the equipment, what is your recommendation on whether the company should purchase

  Determine the loss if the old elevator is replaced

Determine the loss if the old elevator is replaced. Last year (2016), Richter Condos installed a mechanized elevator for its tenants.

  What is anticipated dividend for year

The firm maintains a constant dividend policy and distributes dividends on an annual basis. The firm is growing by 2.5 percent per year. What is the anticipated dividend for year 3?

  In month of may lopat company inc wrote checks in the

in month of may lopat company inc. wrote checks in the amount of 37000. in june checks in amount of 50632 were written.

  Financing activities on the statement of cash flows

Indicate whether each of the following events would cause an inflow or an outflow of cash and whether it would affect the investing (I) or financing (F) activities on the statement of cash flows

  Classification of cost in direct material direct labor

classification of cost in direct material direct labor overheads etc.using the code letters below indicate in the space

  Finding lessors amount to be amortizedcontech lessee wishes

finding lessors amount to be amortized.contech lessee wishes to lease a printing press valued at 60000 from wrenn

  What is the amount of research and development cost

Current period depreciation on the Building housing R and D activities P1,500,000. What is the amount of Research and Development Cost to be recognized?

  Detail the requirements of incorporating the business

Discuss in detail the requirements of incorporating the business, the advantages and disadvantages, and provide recommendations.

  How many student hours does Harprit need to sell

The rent, utilities, marketing, and supplies average $4,500 a month. How many student hours does Harprit need to sell to make $3,200 profit in one month

  What is the cost of goods sold for the year ending

During 2013, the company sold 10070 number of widgets. What is the cost of goods sold for the year ending on 12/31/2013

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd