ACC 212 (COST ACCOUNTING 1) - ASSIGNMENT 1 FOR PART TIME

Ajimatanraeje Nigeria Limited  provides the following data relating to component B9.

Cost of raw material                                       N10 per unit

Usage per day                                                 100 units

Minimum re-order period                                20 days

Maximum re-order period                               30 days

Cost of ordering materials                              N500 per order

Carrying cost                                                   10% per annual

Assume that each year consists of 48 working weeks of 5 days per week.

Required: Calculate:

(a) The Re-Order Level       (b)  The Re-Order Quantity   (c)  The Maximum Level

(d)  The Minimum Level     (e) The Average Level       (f) The Quarter Level

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