What should be the maximum number of units in the inventory

Assignment Help Cost Accounting
Reference no: EM132611160

Question 1: Average daily consumption of materials at ABC Company is 400 units while the minimum daily consumption is 250. It takes minimum 4 days to receive the order. The company has placed an order of 2100 units when there are already 1400 units in the inventory. What should be the maximum number of units in the inventory in order to avoid high storage cost?

Option 1: 2,700

Option 2: 3,100

Option 3: 2,100

Option 4: 2,500

Reference no: EM132611160

Questions Cloud

Make all the required journal entries : On April 15, 2021, Ayayai Ltd. declared a 50¢ per share cash dividend, Make all the required journal entries to record these transactions
Find what should be the maximum number of units : Find What should be the maximum number of units in the inventory in order to avoid high storage cost? when there are already 1400 units in the inventory.
What would be the apportionment of electricity expense : ABC Company has two separate departments, What would be the apportionment of electricity expense to both departments taking the Horsepower (hp) as the base.
Calculate the budgeted cgs per unit for the year : Calculate the Budgeted CGS Per Unit for the year. Budgeted data for goods to be manufactures and sold for ABC Company for the upcoming year
What should be the maximum number of units in the inventory : When there are already 1400 units in the inventory. What should be the maximum number of units in the inventory in order to avoid high storage cost?
Make statement of equivalent units : Make Statement of equivalent units. WC Ltd makes one product in a single process. The details of the process for period 2, There were 800 units of opening work
How moon could measure the cost of not implementing : Discuss whether you expect the improvement program as it progresses to continue to increase the workload in the Production Department.
Find what are some of ways that outsourcing can strengthen : Management's decision-making process, What are some of the ways that outsourcing can "strengthen the overall performance of the company"?
Focus for barbara strategic plan : What would you recommend as areas of focus for Barbara's strategic plan? How should she apply them for her strategic plan?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Determine what a standard cost is

Determine What A standard cost is?the historical cost of producing a product last year. a cost which is paid for a group of similar products.

  Prepare the entry to record one years depreciation expense

Prepare the entry to record one years depreciation expense of $5,000 for the equipment as of December 31, 2011. In cases where no entry is required, please select the option "No journal entry required" for your answer to grade correctly.

  How many shares of stock are owned directly

Their grandfather owns the remaining 100 shares of Sibling Corporation. How many shares of stock are owned directly and indirectly by Bob.

  Prepare a projected single-step income statement

Prepare a projected single-step income statement for the year ending July 31, 2013, based on the proposal. Assume all sales are collected within the discount period.

  Determined the fixed portion of factory overhead application

Determined the fixed portion of the factory overhead application rate. Is factory overhead for February over- or underapplied, and by how much ?

  Evaluate costing systems for company

Calculate the company's overall break-even point in total sales dollars-Explain your methodology and evaluate costing systems for this company

  Imas statement of ethical practice

Ddescribe the four standards in the IMA's Statement of Ethical Practice. As part of your answer, be sure to provide an example of an action that violates the standard.

  Characteristic of the production process

Calculate the unit cost if the rejection is attributable to exacting specifications and calculate the unit cost if the rejection is characteristic of the production process

  Develop a statement of cash flows

If you were Bill, how would you explain the issues, which could be brought up from the analysis completed in parts 1 & 2?

  Distinguish between direct and indirect costs

Distinguish between direct and indirect costs and discuss the factors which should influence whether a particular cost is treated as direct or indirect in relation to a cost object.

  Maroon corporation expects employees income tax rates to

maroon corporation expects employees income tax rates to decrease subsequently year. the employees use the cash method.

  What motivates an employer to use temporary employees

Discuss what motivates an employer to use temporary or contingent employees, and explain the ethical implications on the individual, society, and the profession of keeping an individual in that status.

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