need assistance cost management accounting
Vicious Rollers markets a single production on a continuous basis.the following information is available:
Normal delivery time 2 weeks
Maximum delivery time 4 weeks
Normal usage per week 1100
Purchase price per unit R15
Average stock holding cost per unit = R0.75 plus 18% of purchase price
cost of placing an order R150
Number of production weeks per year 52
Required:
They have asked for your assistance in the determination of the following:
a) Economic order quantity ( EOQ)
b) Avarage inventory
c) Safety stock
d) Re-order level
e) Maximum stock level
0%
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