It's Relevant total cost=ordering cost +carrying cost. plz show work The Wood Furniture Company...
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It's Relevant total cost=ordering cost +carrying cost. plz show work
The Wood Furniture Company produces a specialty wood furniture product, and has the following information available concerning its inventory items: $300 Relevant ordering costs per purchase order Relevant carrying costs per year: Required annual return on investment Required other costs per year 10% $2.80 Annual demand is 20,000 packages per year. The purchase price per package is $32. What are the relevant total costs at the economic order quantity? $1,414.21 $4,242.65 $8,485.28 $9,000.00
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