Determine the order and inventory cost per year with the following information. > Price of the...
Determine the order and inventory cost per year with the following information.
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> Price of the product is $125.00 per unit. |
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> Market Interest is 10% |
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> The storage rent is $5 per unit |
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> The cost for the order process is $45. |
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> The transportation cost of an order is $100 |
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> The quantity of the order is 24 units. |
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> In one year the product is ordered 25 times. |
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> The production cost per unit is $76. |
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Homework Answers
Total ordering cost per year = no. of orders* ordering cost = 25*(45+100) = $3625
Total inventory cost per year = Average inventory*inventory cost per unit per year = (24/2)*5 = $60
So,
Total ordering & inventory cost per year = 3625 + 60 = $3685
Add Answer to:
Determine the order and inventory cost per year with the
following information.
> Price of the...
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