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Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
Edition 1ISBN: 978-0538736787Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
Edition 1ISBN: 978-0538736787 Exercise 31
Economic Order Quantity
Melchar Company uses 78,125 pounds of oats each year. The cost of placing an order is $18, and the carrying cost for one pound of oats is $0.45.
Required:
1. Compute the economic order quantity for oats.
2. Compute the carrying and ordering costs for the EOQ.
Melchar Company uses 78,125 pounds of oats each year. The cost of placing an order is $18, and the carrying cost for one pound of oats is $0.45.
Required:
1. Compute the economic order quantity for oats.
2. Compute the carrying and ordering costs for the EOQ.
Explanation
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We are given the following costs of M Co...
Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
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