JYP Store purchases shirts printed with GOT7 name and logo from a vendor. The vendor sells the shirts to the store for RM40 each. The cost to the store for placing an order is RM110, and the annual carrying cost is 20% of the cost of the shirt. Jackson, the store manager, estimates that 1,600 shirts will be sold during the year. The vendor has offered the store the following volume discount in Table 3. Table 3: Discount schedule [Jadual 3: Jadual diskaun] ORDER SIZE 1- 299 300 – 500 501 and more DISCOUNT 0% 2% 4% (i) Calculate optimal order quantity based on the quantity discount information. [Hitungkan kuantiti pesanan optimal berdasarkan maklumat jadual diskaun ] Calculate total annual inventory cost. [Hitungkan kos inventori tahunan total.) (ii) (iii) Determine the best order size of shirts. [Tentukan satz tempahan baju yang terbatk.]
JYP Store purchases shirts printed with GOT7 name and logo from a vendor. The vendor sells the shirts to the store for RM40 each. The cost to the store for placing an order is RM110, and the annual carrying cost is 20% of the cost of the shirt. Jackson, the store manager, estimates that 1,600 shirts will be sold during the year. The vendor has offered the store the following volume discount in Table 3. Table 3: Discount schedule [Jadual 3: Jadual diskaun] ORDER SIZE 1- 299 300 – 500 501 and more DISCOUNT 0% 2% 4% (i) Calculate optimal order quantity based on the quantity discount information. [Hitungkan kuantiti pesanan optimal berdasarkan maklumat jadual diskaun ] Calculate total annual inventory cost. [Hitungkan kos inventori tahunan total.) (ii) (iii) Determine the best order size of shirts. [Tentukan satz tempahan baju yang terbatk.]
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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