Answer the Following Question(s)using the Information Below

question 133

Multiple Choice

Answer the following question(s) using the information below:
The Wood Furniture Company produces a specialty wood furniture product, and has the following information available concerning its inventory items:
Annual demand is 10,000 packages per year.The purchase price per package is $16.
-What is the economic order quantity for Wood Furniture Company?

• A)150,000 units
• B)1,000 units
• C)75,000 units
• D)5,000 units
• E)1,464 units

Recognize the significance of budgeting in managing finances and reaching financial goals.

Identify and differentiate between fixed and variable expenses in personal budgeting.

Understand the relationship between personal financial decisions, opportunity costs, and financial security.

Understand the concept and calculation of budget surplus and deficit.