Problemauto parts sells 1600 electric parts per week and, Ask an Expert

Accounting

Problem:

Auto Parts sells 1,600 electric parts per week and then reorders another 1,600 parts.

Required:

If the relevant carrying cost per electric part is $4 and the fixed order cost is $650, what is the total carrying cost and the restocking cost, respectively?

$2,400 and $39,900
$3,200 and $33,800
$2,400 and $39,000
$3,400 and $30,000
None of the above

Note: Please explain comprehensively and give step by step solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91172262

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