Inventory costs related to warehouse property taxes, utilities and shrinkage costs are usually classified as: carrying...
Inventory costs related to warehouse property taxes, utilities and shrinkage costs are usually classified as:
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carrying costs. |
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ordering costs. |
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continuous costs. |
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holding costs. |
Homework Answers
Carrying costs is the category under which inventory costs related to warehouse property taxes, utilities and shrinkage costs are usually classified. It also includes rent, salaries, financial costs. Perishability and insurance.
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Inventory costs related to warehouse property taxes, utilities
and shrinkage costs are usually classified as:
carrying...
1- Inventory costs include all of these: purchase costs, holding or carrying costs, and ordering costs....
1- Inventory costs include all of these: purchase costs, holding or carrying costs, and ordering costs. T. True F. False 2- The Economic Order Quantity (EOQ) model tells us........ A. how much to order B. which are higher - holding or ordering costs C. how to use price discounts D. when to order 3- When tracking or counting inventory items, we should focus on which items most? A. A-items B. B-items C. C-items D. D-tems 4- The Economic Order Quantity...
3. Calculate the Economic Ordering Quantity (EOQ) model Aa Aa Inventory costs can be categorized as...
3. Calculate the Economic Ordering Quantity (EOQ) model Aa Aa Inventory costs can be categorized as the costs associated with holding the inventory, ordering and receiving the inventory, or running out of the inventory. For example, costs are the direct and indirect costs of keeping inventory on hand. carrying ordering The number of units in the optimal size order is called the economic ordering quantity (EOQ). Jones Company purchases custom-made durable packing boxes to ship its equipment. Each year, Jones...
Explain the differences between inventory carrying costs and ordering cost.
Explain the differences between inventory carrying costs and ordering cost.
Identify the cost being described according to the five basic costs of inventory. Write the letter...
Identify the cost being described according to the five basic costs of inventory. Write the letter of the correct answer. A. Carrying or Holding Cost B. Safety stock cost C. Item cost D. Stock out cost E. Ordering or setup cost 1. Cost of moving the goods to temporary storage 2. Amount of damaged, broken, pilfered and deteriorated items 3. Initial cost of the items 4. Potential depreciation of the material over time 5. Acquiring or renting a new warehouse...
3,300 Production in Units Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory...
3,300 Production in Units Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries Maintenance Depreciation $10,500 13,230 2,235 1,400 6.300 2,660 1.204 3.360 Calculate variable costs per unit, variable cost per unit for utilities and variable cost per unit for maintenance. Variable cost per unit (Exclude variable cost for utilities and maintenance) $ Variable cost per unit for utilities Variable cost per unit for maintenance
A lower inventory order quantity _____________ annual ordering costs but _____________ carrying costs, assuming both are...
A lower inventory order quantity _____________ annual ordering costs but _____________ carrying costs, assuming both are measured over a specific period of time. increases, decreases has no effect on, increases has no effect on, decreases decreases, increases
Production in Units3,000 Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries...
Production in Units3,000 Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries 1,900 Maintenance Depreciation S 7,500 18,000 2,100 1,000 4,500 1,100 2,400 Instructions (o) Identify the above costs as variable fixed. or mixed (b) Calculate the expected costs when production is 5,000 units.
CHAP 15 - Q13 DROPDOWN OPTIONS ARE BELOW THIS 13. Calculate economic ordering quantity (EOQ) Inventory...
CHAP 15 - Q13
DROPDOWN OPTIONS ARE BELOW THIS
13. Calculate economic ordering quantity (EOQ) Inventory costs can be categorized as the costs incurred for holding the inventory, the costs of ordering and receiving the inventory, and the cost of running out of inventory. costs are the direct and indirect costs of keeping inventory on hand. The number of units in the optimal size order is called the economic ordering quantity (E0Q). Murphy Company purchases custom-made durable packing boxes to...
Global Reach, Inc., is considering opening a new warehouse to serve the Southwest region. Darnell...
Global Reach, Inc., is considering opening a new warehouse to serve the Southwest region. Darnell Moore, controller for Global Reach, has been reading about the advantages of foreign trade zones. He wonders if locating in one would be of benefit to his company, which imports about 90 percent of its merchandise (e.g., chess sets from the Philippines, jewelry from Thailand, pottery from Mexico, etc.). Darnell estimates that the new warehouse will store imported merchandise costing about $16 million per year....
Manufacturing overhead costs incurred: Indirect materials $15,000 Indirect labor 130,000 Property taxes, factory 8,000 Utilities, factory...
Manufacturing overhead costs incurred: Indirect materials $15,000 Indirect labor 130,000 Property taxes, factory 8,000 Utilities, factory 70,000 Depreciation, factory 240,000 Insurance, factory 10,000 Total actual manufacturing overhead costs incurred $473,000 Other costs incurred: Purchases of raw materials (both direct and indirect) $400,000 Direct labor cost $60,000 Inventories: Raw materials, beginning $20,000 Raw materials, ending $30,000 Work in process, beginning $20,000 Work in process, ending $70,000 The company uses a predetermined overhead rate of $25 per machine-hour to apply overhead...
3. Calculate the Economic Ordering Quantity (EOQ) model Aa Aa Inventory costs can be categorized as the costs associated with holding the inventory, ordering and receiving the inventory, or running out of the inventory. For example, costs are the direct and indirect costs of keeping inventory on hand. carrying ordering The number of units in the optimal size order is called the economic ordering quantity (EOQ). Jones Company purchases custom-made durable packing boxes to ship its equipment. Each year, Jones...
Identify the cost being described according to the five basic costs of inventory. Write the letter of the correct answer. A. Carrying or Holding Cost B. Safety stock cost C. Item cost D. Stock out cost E. Ordering or setup cost 1. Cost of moving the goods to temporary storage 2. Amount of damaged, broken, pilfered and deteriorated items 3. Initial cost of the items 4. Potential depreciation of the material over time 5. Acquiring or renting a new warehouse...
3,300 Production in Units Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries Maintenance Depreciation $10,500 13,230 2,235 1,400 6.300 2,660 1.204 3.360 Calculate variable costs per unit, variable cost per unit for utilities and variable cost per unit for maintenance. Variable cost per unit (Exclude variable cost for utilities and maintenance) $ Variable cost per unit for utilities Variable cost per unit for maintenance
Production in Units3,000 Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries 1,900 Maintenance Depreciation S 7,500 18,000 2,100 1,000 4,500 1,100 2,400 Instructions (o) Identify the above costs as variable fixed. or mixed (b) Calculate the expected costs when production is 5,000 units.
CHAP 15 - Q13
DROPDOWN OPTIONS ARE BELOW THIS
13. Calculate economic ordering quantity (EOQ) Inventory costs can be categorized as the costs incurred for holding the inventory, the costs of ordering and receiving the inventory, and the cost of running out of inventory. costs are the direct and indirect costs of keeping inventory on hand. The number of units in the optimal size order is called the economic ordering quantity (E0Q). Murphy Company purchases custom-made durable packing boxes to...
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