User Account

All Pages

How many tons of steel should be in a production batch

Assignment Help Financial Accounting
Reference no: EM132910103

Question - A company buys steel for its production lines. Steel is supplied by rail cars at the rate of 1,850 tons per day at a price of $25.00 per ton and is used at a rate of 1,100 tons per day. The company operates 320 days per year, and its monthly carrying cost is 5 percent of the price per ton of steel. The ordering cost for a shipment of steel is $200.

a) How many tons of steel should be in a production batch?

b) How much storage capacity should be recommended?

c) How many trips are needed to meet the production batch (as to minimize the total stocking cost)?

d) What is the total annual carrying cost?

Reference no: EM132910103

Questions Cloud

What organizational unit in the business will implement : What organizational unit in the business, non-profit, or government level will implement your proposed policy, and whether additional funds will be needed.
Reflections of the total research process : Reflections of the total research process - Based on my reflections of the total research process, the insights I gainedand any issues, struggles, challenges
Summarise edwin locke theory of motivation : 1. Summarise Edwin Locke's theory of motivation? 2. How does feedback from a supervisor help an employee achieve his /her goals?
Identify the type of stereotype threat racial : Identify the type of stereotype threat your own racial, ethnic, or cultural group might face. Support discussion with at least one scholarly reference.
How many tons of steel should be in a production batch : Steel is supplied by rail cars at the rate of 1,850 tons per day at a price of $25.00 per ton. How many tons of steel should be in a production batch
What is the recruitment process in company : Individually you will create your own organization, profit or not-for-profit, on which you will create a detailed analysis and report.
Identify the reporting requirements of systems : Discuss three techniques you could use to review and evaluate your training session plans for continuous improvement. Use approximately 150-200 words
What are the two basic product costing systems : Differentiate Manufacturing Operations from Service Operations. What are the two basic product costing systems? Describe each
How would a manager use the progressive disciplinary action : How would a manager use the progressive disciplinary action approach? How would the use of this approach prevent employees from being surprised

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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