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!
Mathematical Derivation of EOQ
Let cost per order is represented via Co. it is the cost incurred every instance one order is placed.
Let the economic quantity purchase every instance be represented via Q
Let holding cost per unit be represented via Ch
Let total demand be represented via D
The net holding cost = ½ QCh
The net Ordering cost = C/O: Note that C/O provides you the number of order in the period
Then net cost = ½ Qch + D/Q CO or simply the net holding up cost plus the net ordering costs
EOQ is at the point where holding cost is equal to ordering costs
That is ½ Ch = D/Q CO
½ Q2Ch = D CO
∴ Q2= √(2DO/h)
Q2Ch = 2D CO
Q2 = 2DCo/Ch
Here Q = √(2DCo/Ch)
Here EOQ= √(2DCo/Ch)
Gomez incurred $350,000 of research and development costs to develop a product for which a patent was granted on January 2, 2008. Legal fees and other costs associated with the re
Morrow Company applies overhead based on direct labor hours. At the beginning of the year, Morrow estimates overhead to be $620,000, machine hours to be 180,000, and direct labor h
importance of classifying cost accounting
Batch Costing This is a kind of job costing that is utilized when production consists of limited repetitive work and definite number of item manufactured in one batch. A batc
Controllable and Non Controllable Costs Controllable costs can be influenced on the level of authority at that they are being analyzed when non-controllable costs cannot.
Beginning inventory on March 1 consisted of 2,000 units each costing $11.20. During March, the following was purchased for inventory: Date Purchase
the annual overhead costs for abc ltd which has 3 production centeres and 2 service centers are as follows. indirect wages & supervision X 2million Y 2million 3 production departme
Master Budget Framework The master budget is the overall quantifications of the budgeting plan. In this, functional budgets are not corporate. A functional budget is a budget
diff between cost estimation and cost accounting
1.What is a Statement of Cash Flows? How does it differ from an Income Statement? 2.What unique information does the Statement of Cash Flows deliver to investors? Why do they care?
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd