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!
Carrying costs of inventory
These are costs incurred because the firm has decided to maintain inventories. They generally consist of:
• Stock-out costs• Insurance costs• Warehouse and storage costs• Material handling costs• costs of obsolescence Total Ordering Cost = (Total demand for period x Ordering Costs per period) / Quantity Ordering = DO/QTotal Holding Costs = (Quantity Ordered x Holding Costs per unit) / 2 = Q H/2Therefore total relevant costs (TC) for any order quantity can be expressed as:
TC = DO/Q + Q H/2 We can determine a minimum of this total cost function by:
i. Differentiating the above formula with respect to Q and setting the derivative (1st) equal to zero.
dTC/ dQ = (-DO/Q2) + H/2 = 0
ii. Equating ordering costs to holding costs.
DO/Q = Q H/2
Write a response to your boss, the controller. The response should be 2-5 pages in length (double-space). Your response to the controller should include, but not be limited to, t
EOQ mathematical model As costs of ordering and holding stock are equal at the EOQ point, we can build a simple mathematical model to solve the problem, as follows: (Q/ 2) X
Determine the Distribution cost and Research cost Distribution cost: The cost of sequence of the operations which begin with making the packed product available for dispa
Funded debt to total capitalization ratio The ratio establishes a link among the long term funds raised from outsider and total long term funds available in the business. The
SSI, a meat/burger/chicken processing manufacturing plant loacted in Idaho, USA prepares
Criticism of Material Requirement Planning
#que sri mookambikastion traders
Explain variable cost and fixed cost Variable costs: costs that vary almost in the direct proportion to the volume of production are known as variable costs. The examples of
Computing equivalents units and assigning costs to completed units and ending work in process; no beginning inventory or cost transferred in (30 -45min) Sue Electronics makes CD p
The Pinewood Furniture Company Pty Ltd plans to design two lines of chairs in the coming year-lounge and patio. The company is considering introducing an activity-based costing sys
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: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd