Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. biotech's produces chemicals to sell to wholesaler

Biotech's produces chemicals to sell to wholesalers. One of the raw material it buys is...

90.2K

Verified Solution

Question

Accounting

image
Biotech's produces chemicals to sell to wholesalers. One of the raw material it buys is sodium nitrate which is purchased at the rate of $22.50 per ton. Biotech's forecasts show a estimated requirement of 5,75,000 tons of sodium nitrate for the coming year. The annual total carrying cost for this material is 40% of acquisition cost and the ordering cost is $595. What is the Most Economical Order Quantity? Calculate the order size, total orders required during a year, total carrying cost and total ordering cost for the year

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

Q

Elaborate the FOUR (4) selves of Johari Window and explain how your self-esteem may influence how...

Psychology
Q

A body weighing 128 pounds hangs from a spring with constant 1400 lb/ft. The medium, where...

Civil Engineering
Q

The following is a series of transactions for Berkeley City. Indicate how Berkeley reports each transaction...

Accounting
Q

Static friction between two surfaces Prevents the relative motion between them Acts opposite to the...

Physics
Q

You have a choice between a 30-year fixed rate loan at 3.5% and an adjustable...

Basic Math
Q

Find the compound interest and future value. Round your answers to the nearest cent. Do...

Basic Math
Q

Exercise 6-1(Algo) The Effect of Changes in Sales Volume on Net Operating Income...

Accounting
Q

Exercise 23-5(Static) Preparing flexible budget performance report LO P1 Nina Company prepared the...

Accounting
Q

Inventory balances on December 31, 2020 were as follows: BC The Ride-On-Wave Company (ROW) produces...

Accounting
Q

Martinez Company has four operating divisions. During the first quarter of 2017, the company reported...

Accounting
Q

The following cost data pertain to the operations of Montgomery Department Stores, Inc., for the...

Accounting
Q

Herry is planning to purchase a Treasury bond with a coupon rate of 2.86% and...

Finance