Queen Manufacturing uses 2,300 switch assemblies per week and then reorders another 2,300. Assume the...

70.2K

Verified Solution

Question

Accounting

Queen Manufacturing uses 2,300 switch assemblies per week and then reorders another 2,300. Assume the relevant carrying cost per switch assembly is $6.00 and the fixed order cost is $570.
Calculate the carrying costs.
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
Calculate the restocking costs.
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
Calculate the economic order quantity.
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
Calculate the EOQ number of orders per year.
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students