The Allianz Company produces a specialty wood furniture product, and has the following information available...
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Accounting
The Allianz Company produces a specialty wood furniture product, and has the following information available concerning its inventory items: Relevant ordering costs per purchase order $450 Relevant carrying costs per year for each product: Required annual return on investment 18% Required other costs per year $8 Annual demand is 30,000 products per year. The purchase price per product is $50. What is the annual relevant carrying cost
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