Rockhampton Company Was in the Process of Completing the Quarterly

question 37

Essay

Rockhampton Company was in the process of completing the quarterly planning for the purchasing department when a major computer malfunction lost most of his data.For direct material QBJ,he was able to recover the following:
$$\begin{array} { | l | l | } \hline \text { Average inventory level of QBJ } & 400 \\\hline \text { Orders per year } & 30 \\\hline \text { Average daily demand } & 26 \\\hline \text { Working days per year } & 250 \\\hline \text { Annual ordering costs } & \$ 4000 \\\hline \text { Annual carrying costs } & \$ 6000 \\\hline\end{array}$$
Ralph purchases at the EOQ quantity level.
Required:
Determine the annual demand,the cost of placing an order,the annual carrying cost of one unit,and the economic order quantity (EOQ).
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Definitions:

Physical Development

The biological changes and growth processes that occur in the human body over a lifetime, including changes in size, shape, and physical abilities.

Preschool Years

The period in a child's life between birth and when they begin formal school, typically around ages 3 to 5, focusing on basic skills and social development.

Sex Differences

The biological and physiological distinctions between male and female individuals, including anatomical, genetic, and hormonal variations.

Encopresis

Failure to control the bowels after the normal age for bowel control has been reached. Also called soiling.