The cost accounting department has asked you to check their EOQ figures. You have been given...

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Answer 1

Answer #1

ANNUAL HOLDING COST = (3176 / 2) * 1.25 = 1985

ANNUAL ORDERING COST = (15307 / 3176) * 120 = 578.35

PRODUCT COST = 15307 * 5 = 76,535

TOTAL COST = AHC + AOC + PRODUCT COST = 1985 + 578.35 + 76,535 = 79,098.35

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