Problemredan manufacturing uses 3300 switch assemblies per, Ask an Expert

Accounting

Problem:

Redan Manufacturing uses 3,300 switch assemblies per week and then reorders another 3,300. The relevant carrying cost per switch assembly is $14.00, and the fixed order cost is $1,650.

Required:

Question 1: What is the current carrying cost?

Question 2: What is the order cost?

Question 3: Calculate the economic order quantity.

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

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91173183

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