What is the economic order? quantity

Assignment Help Managerial Accounting
Reference no: EM132542912

?Discount-Mart, a major East Coast? retailer, wants to determine the economic order quantity for its halogen lamps. It currently buys all halogen lamps from Specialty Lighting? Manufacturers, in Atlanta. Annual demand is 2,400 ?lamps, ordering cost per order is ?$0.80?, carrying cost per lamp is ?$20. As part of its new JIT? program, Discount-Mart has signed a? long-term contract with Specialty Lighting and will place orders electronically for its halogen lamps.

Question ?a) What is the economic order? quantity?

Question b) How many orders will be? placed?

Question ?c) What is the total annual cost of managing the inventory with this? policy?

Reference no: EM132542912

Questions Cloud

Determine the relative importance of compensable factors : Examine how organizations determine the relative importance of compensable factors. Evaluate how compensation strategies tie into underlying corporate values.
Evaluate the unrealized gain or loss on the investment : Use this information to determine the unrealized gain or loss on the investment that should be reported at year end by All Good Company
Why evaluation is critical to training success : Reflect on and explore the reasons why evaluation is critical to training success. Discuss the reasons evaluation is critical to effectiveness of training.
Organization has outstanding bonds payable : Research Apple Inc and assess whether or not the organization has outstanding bonds payable or has invested in bonds from another organization
What is the economic order? quantity : What is the total annual cost of managing the inventory with this? policy? What is the economic order? quantity? How many orders will be? placed?
What is relationship among kirkpatrick levels of evaluation : What is the relationship among Kirkpatrick's four levels of evaluation? Would you argue for examining all four levels, even if your boss suggested you should.
Why might strategic management be important to your field : Why might strategic management be important to your field of study or chosen profession?
Find how much do need to put in the trust today : You want to setup a trust today that will pay out scholarships.If your trust can earn 10% returns, how much do you need to put in the trust today?
Examine the evaluation phase of the fabrics : Chapter 4 presents the needs analysis, the beginning of a step-by-step process for developing a training program, for this small fabrications company.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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