List and describe the types of carrying costs and ordering costs?

List and describe the types of carrying costs and ordering costs?

Expert Solution

Colby Messinger answered 2 years ago

7. The costs of carrying inventory include all of the following except: * a- Ordering costs....

7. The costs of carrying inventory include all of the following except: * a- Ordering costs. b- Cost of warehouse space. c- Insurance and handling costs. d- Interest on funds tied up in inventory. e- None of the above. 8. Once the break-even point is reached: * a- The contribution margin ratio begins to decrease. b- The variable expenses will remain constant in total. c- The total contribution margin changes from negative to positive. d- The net operating income will...

1- Inventory costs include all of these: purchase costs, holding or carrying costs, and ordering costs....

1- Inventory costs include all of these: purchase costs, holding or carrying costs, and ordering costs. T. True F. False 2- The Economic Order Quantity (EOQ) model tells us........ A. how much to order B. which are higher - holding or ordering costs C. how to use price discounts D. when to order 3- When tracking or counting inventory items, we should focus on which items most? A. A-items B. B-items C. C-items D. D-tems 4- The Economic Order Quantity...

1- Inventory costs include all of these: purchase costs, holding or carrying costs, and ordering costs....

1- Inventory costs include all of these: purchase costs, holding or carrying costs, and ordering costs. T. True F. False 2- The Economic Order Quantity (EOQ) model tells us........ A. how much to order B. which are higher - holding or ordering costs C. how to use price discounts D. when to order 3- When tracking or counting inventory items, we should focus on which items most? A. A-items B. B-items C. C-items D. D-tems 4- The Economic Order Quantity...

Six categories of costs associated with inventories are purchasing costs, ordering costs, carrying costs, stock out...

Six categories of costs associated with inventories are purchasing costs, ordering costs, carrying costs, stock out costs, quality costs, and shrinkage. Assume you are seasoned manager training new employees about the importance of inventory management. In 200 words or more, describe at least two of these inventory costs. Include specific examples in order to effectively explain these concepts.

Discuss the assumptions that are inherent in production setup cost, ordering cost and carrying costs. How...

Discuss the assumptions that are inherent in production setup cost, ordering cost and carrying costs. How valid are they?

1. List the 3 main types of costs and describe their cost behavior in terms of...

1. List the 3 main types of costs and describe their cost behavior in terms of (a) Total Cost, and (b) Unit Cost. 2. When do you use the high-low method? What is the formula for the high-low method? 3. Describe in your own words the concept of contribution margin. 4. What is the formula to calculate Break Even Point in Units? 5. What is the formula to calculate Break Even Point in Dollars? 6. If a company’s goal is...

List and describe at least six types of costs related to implementing a software acquisition project.

An annual demand for an item is 500 units, ordering cost is 8 $, inventory carrying...

An annual demand for an item is 500 units, ordering cost is 8 $, inventory carrying interest is 20% of the purchase price per year. Purchase prices are as follows as proposed by the vendor/supplier; where the value of unit cost=10 without any discount? Discount 0% 000≤Q<300 Discount 2% 300≤Q<450 Discount 3% 450≤Q

An annual demand for an item is 500 units, ordering cost is 8 $, inventory carrying...

An annual demand for an item is 500 units, ordering cost is 8 $, inventory carrying interest is 20% of the purchase price per year. Purchase prices are as follows as proposed by the vendor/supplier; where the value of unit cost=10 without any discount? Discount 0% 000≤Q<300 Discount 2% 300≤Q<450 Discount 3% 450≤Q a) for inventory model with no discount====================================================================== a1) The economic order quantity = [EOQ] units a2) The total ordering costs = [TOC] $ a3) The total...

Discuss the assumptions that are inherent in production setup cost, ordering cost and carrying cost. How...

Discuss the assumptions that are inherent in production setup cost, ordering cost and carrying cost. How valid are they?

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List and describe the types of carrying costs and ordering costs?

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7. The costs of carrying inventory include all of the following except: * a- Ordering costs....

1- Inventory costs include all of these: purchase costs, holding or carrying costs, and ordering costs....

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Six categories of costs associated with inventories are purchasing costs, ordering costs, carrying costs, stock out...

Discuss the assumptions that are inherent in production setup cost, ordering cost and carrying costs. How...

1. List the 3 main types of costs and describe their cost behavior in terms of...

List and describe at least six types of costs related to implementing a software acquisition project.

An annual demand for an item is 500 units, ordering cost is 8 $, inventory carrying...

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Discuss the assumptions that are inherent in production setup cost, ordering cost and carrying cost. How...