This document contains inventory records using different costing methods (FIFO, LIFO, weighted average) for multiple periods. It shows units received and issued each period, the unit cost for each transaction, the total cost of inventory at period end using different methods. The document also contains questions related to calculating cost of goods sold and profit using the different inventory costing methods.
Fourth quarter production of 15.1 mmboe - 15% higher than the corresponding quarter - brought full-year production to 54.1 mmboe. This was a 6 per cent increase on the previous year and within the company’s guidance range of 53-55 mmboe.
“Notwithstanding the fall in oil prices, Santos has delivered growth in full-year and quarterly production, and record sales revenue,” Santos Managing Director and Chief Executive Officer David Knox said.
“These results affirm the strength of Santos’ underlying business, the transformation of our operations and the positioning of the company as a major player in the Asian LNG market.”
“We look forward to further growth in 2015 with the start-up of GLNG in the second half of this year.”
This document presents an investment proposal for Bam d'Afrique and NewCo BioCarbon's project in Newcastle, South Africa totaling $502 million over three years and three phases. The project involves establishing bamboo plantations, building a carbonizing plant to produce BamCoke from bamboo, constructing a Biomass-to-Liquid refinery, and generating electricity. Financial projections estimate annual returns of 62-86% for farming and 77% for BamCoke, BTL, and power generation. The project is expected to create jobs and establish a new industry in Swaziland while providing significant carbon offset credits through displacement of fossil fuels.
Informe de tráfico por el Canal de Suez de 201920minutos
This document provides statistics on ship traffic and cargo tonnage from 1975 to 2019. It shows that the number of vessels and total net tonnage increased each year, with particularly strong growth from the 1970s through the 2000s. It also breaks down the 2018-2019 traffic by ship type, cargo direction, and other categories, demonstrating that container ships and tankers make up the majority of traffic, and more cargo moves from north to south than vice versa.
Project Management and Development Economics Project (DE)Pang Khai Shuen
The document proposes developing 26' x 80' double-storey shop/office lots, 22' x 75' double-storey terrace houses, and 20' x 60' low-cost houses on a 10-acre land beside Taylor's University. It includes details of the proposed development such as the number and size of units, land size calculations, percentage allocation for each type of development, and a financial appraisal of the development costs and projected profits. The development is estimated to cost RM38.2 million and projected to generate a gross profit of RM16.3 million, representing a 30% return on the RM54.5 million estimated gross development value.
This section provides a financial appraisal of a proposed property development using the residue method of valuation. It details the gross development value, land and construction costs, administrative costs including fees and financing, and contingencies to calculate the total gross development cost. The gross development profit is then determined by taking the difference between the gross development value and cost, which in this case is RM16,305,112.44 or 29.94% of the gross development value.
ROTAIR - TURBINA DE ENERGIA EOLICA E HIDRAULICA DE EMPUJE VERTICALlfabondano
ROTAIR. Es un sistema de Energía Eólica Vertical, con doble rotor. Tiene con una capacidad mínima de generación de 500 kw/h (0.5 Mw/h). Es una turbina modular y vertical que funciona como un multiplicador exponencial de la corriente de aire en el cilindro central.
Utilizando la dinámica del viento y la física del movimiento y la energía, logramos multiplicar exponencialmente la velocidad de entrada del viento y lograr óptimos de generación de energía eólica. La Turbina de eje vertical, controla automáticamente el flujo de aire, es una estructura hexagonal de radio R, en forma de paralelepípedo.
ROTARY. It is a Vertical Wind Energy system, with double rotor. It has a minimum generation capacity of 500 kW/h (0.5 Mw/h). It is a modular and vertical turbine that works as an exponential multiplier of the air current in the central cylinder.
Using the dynamics of the wind and the physics of movement and energy, we were able to exponentially multiply the wind input speed and achieve optimal wind power generation. The vertical axis turbine, automatically controls the air flow, is a hexagonal structure of radius R, in the shape of a parallelepiped.
Fourth quarter production of 15.1 mmboe - 15% higher than the corresponding quarter - brought full-year production to 54.1 mmboe. This was a 6 per cent increase on the previous year and within the company’s guidance range of 53-55 mmboe.
“Notwithstanding the fall in oil prices, Santos has delivered growth in full-year and quarterly production, and record sales revenue,” Santos Managing Director and Chief Executive Officer David Knox said.
“These results affirm the strength of Santos’ underlying business, the transformation of our operations and the positioning of the company as a major player in the Asian LNG market.”
“We look forward to further growth in 2015 with the start-up of GLNG in the second half of this year.”
This document presents an investment proposal for Bam d'Afrique and NewCo BioCarbon's project in Newcastle, South Africa totaling $502 million over three years and three phases. The project involves establishing bamboo plantations, building a carbonizing plant to produce BamCoke from bamboo, constructing a Biomass-to-Liquid refinery, and generating electricity. Financial projections estimate annual returns of 62-86% for farming and 77% for BamCoke, BTL, and power generation. The project is expected to create jobs and establish a new industry in Swaziland while providing significant carbon offset credits through displacement of fossil fuels.
Informe de tráfico por el Canal de Suez de 201920minutos
This document provides statistics on ship traffic and cargo tonnage from 1975 to 2019. It shows that the number of vessels and total net tonnage increased each year, with particularly strong growth from the 1970s through the 2000s. It also breaks down the 2018-2019 traffic by ship type, cargo direction, and other categories, demonstrating that container ships and tankers make up the majority of traffic, and more cargo moves from north to south than vice versa.
Project Management and Development Economics Project (DE)Pang Khai Shuen
The document proposes developing 26' x 80' double-storey shop/office lots, 22' x 75' double-storey terrace houses, and 20' x 60' low-cost houses on a 10-acre land beside Taylor's University. It includes details of the proposed development such as the number and size of units, land size calculations, percentage allocation for each type of development, and a financial appraisal of the development costs and projected profits. The development is estimated to cost RM38.2 million and projected to generate a gross profit of RM16.3 million, representing a 30% return on the RM54.5 million estimated gross development value.
This section provides a financial appraisal of a proposed property development using the residue method of valuation. It details the gross development value, land and construction costs, administrative costs including fees and financing, and contingencies to calculate the total gross development cost. The gross development profit is then determined by taking the difference between the gross development value and cost, which in this case is RM16,305,112.44 or 29.94% of the gross development value.
ROTAIR - TURBINA DE ENERGIA EOLICA E HIDRAULICA DE EMPUJE VERTICALlfabondano
ROTAIR. Es un sistema de Energía Eólica Vertical, con doble rotor. Tiene con una capacidad mínima de generación de 500 kw/h (0.5 Mw/h). Es una turbina modular y vertical que funciona como un multiplicador exponencial de la corriente de aire en el cilindro central.
Utilizando la dinámica del viento y la física del movimiento y la energía, logramos multiplicar exponencialmente la velocidad de entrada del viento y lograr óptimos de generación de energía eólica. La Turbina de eje vertical, controla automáticamente el flujo de aire, es una estructura hexagonal de radio R, en forma de paralelepípedo.
ROTARY. It is a Vertical Wind Energy system, with double rotor. It has a minimum generation capacity of 500 kW/h (0.5 Mw/h). It is a modular and vertical turbine that works as an exponential multiplier of the air current in the central cylinder.
Using the dynamics of the wind and the physics of movement and energy, we were able to exponentially multiply the wind input speed and achieve optimal wind power generation. The vertical axis turbine, automatically controls the air flow, is a hexagonal structure of radius R, in the shape of a parallelepiped.
Review W 26 & Plan Week 27 2022_MUM.pptxssuserb71d4d
The document contains a production review and plan for Week 26 and Week 27 at the JOB SITE BAS – TANJUNG ENIM site for PT MANGGALA Engineering Department. It includes production data from all pits, equipment allocation and availability, productivity analysis, and production projections showing expected overburden removal of 143,585 BCM for Week 27. Safety topics and schedules are also included.
Project Performance Report August 2018.pptxChinelo Ezenwa
I prepared this report to give management an understanding of how projects are performing operationally and financially. Comparing planned KPIs and budgets versus actual output.
This document proposes a project to process squid into block frozen products. The project will be located in Aroor, Alappuzha. It will have a capacity of 40 tonnes per month and cost Rs. 3.7 crore. It will employ 28 people directly and 28 indirectly. The project aims to market its products outside India. It is expected to break even within 2 years and earn a return of 50% on investment.
This document summarizes the results of a resource efficiency and cleaner production (RECP) assessment conducted at a facility. It includes details on potential savings opportunities identified, such as from cooling water pumps, HVAC fans, and compressed air leaks. Graphs and an energy balance show electricity consumption by department and process. Uninsulated steam lines and equipment were quantified, with estimated costs and savings from insulation. The document recommends savings opportunities, and outlines an action plan for implementing resource efficiency improvements.
1. The document provides a suggested solution to a mock exam question regarding the accounting treatment of baking equipment acquired by Bake Away Ltd in a foreign currency transaction.
2. It includes journal entries to correct an error made by a junior accountant in recording the transaction, as well as the year-end foreign exchange loss journal entry required by IAS 21.
3. The solution also includes proposed property, plant and equipment notes, intangible asset notes, deferred tax calculations, an impairment loss calculation, and adjustments relating to prior period errors - all relating to the various requirements of the exam question.
The document contains a series of codes and measurements related to a construction or engineering project. It includes codes like Ti, Te, CR, RA that may refer to materials, locations or components. It also includes measurements for R (radius), Lr (length), and h (height). The codes and measurements are repeated at various points along the document, which may correspond to different stations or kilometers of a linear project like a road or railway.
With the launch of Guided Configuration and offcourse SAP HANA, S/4 HANA; the configuration work has become easier and companies can save up to 75% of configuration efforts. Also the Guided Configuration tool helps to validate and accurately compose this important exercise by removing any human errors as experienced in traditional use of IMG , SPRO.
This document provides specifications for Double Shoulder High Torque (DSHT) tool joints and compares them to standard API tool joints. It includes dimensions, mechanical properties, and recommended makeup torques for various pipe sizes. DSHT tool joints offer benefits like higher torsional strength, reduced stress on threads, and increased mud flow, while maintaining interchangeability with API products. They can be used on drill collars, heavy weight drill pipe, and kellys to enable easier repair.
This document contains payroll information for multiple employees. It includes details such as basic wages, overtime pay, allowances, deductions, and net wages. It also provides calculations and workings for different bonus incentive schemes. The document contains information needed to process payroll and determine compensation for employees under various incentive plans.
This document contains information from a management review meeting including:
- Sales performance for the current year with plan vs actual figures. Some parts were below target due to reasons like customer requests or schedule changes.
- Production and dispatch details for various parts showing actual, scheduled, dispatched and pending quantities. Some parts were behind schedule due to reasons like customer requests.
- Quality performance for the current year with rejection and RTV figures. Rejection was highest in machine shop and final quality checking.
- Inventory levels over the current year showing work in progress and finished goods inventory.
- Manpower utilization against sales for different departments.
- Maintenance section details energy consumption and machine breakdown details for the
The document shows cash flow data over 5 months, including production units, sales price, total sales, income from sales and collections, expenses including materials, labor, utilities, taxes, and loans. It calculates the monthly cash flow and ending balance. Production remained steady at 1000-1500 units per month while price increased slightly. Sales generated $320,000-$345,000 per month. Expenses averaged around $230,000-$250,000 per month, resulting in a positive and increasing cash balance each month, showing strong and consistent cash flow.
The document discusses several examples of cost-benefit analyses for capital investment projects. The examples calculate net present value (NPV) to determine if the projects will save more money than their costs over time when considering factors like equipment costs, annual cost savings, depreciation, taxes, resale value and discount rates. In one example, automating part of a business' operations with $80,000 equipment that saves $22,000 annually is determined to have a positive NPV of $3,860 based on a 5-year analysis. A second example of a $730,000 machine that saves $270,000 annually also has a positive NPV.
The document provides information for participants in a business simulation game set in the beverage industry. It includes starting financial positions and production details, as well as costs associated with raw materials, packaging, marketing, financing, and taxes. Participants must manage the business over multiple quarters, making decisions about production levels, pricing, financing, and expansions to achieve the highest cumulative profits.
This project report summarizes plans for a 10000 layer poultry farm. It includes details of the fixed and recurring costs for construction of sheds, purchase of equipment, cost of chicks and feeding, labor costs totaling Rs. 40.95 lakhs. Total expected income from sale of eggs, spent hens and manure is Rs. 43.66 lakhs giving a net annual profit of Rs. 2.71 lakhs. The break-even point is estimated to be at an egg price of Rs. 0.89. Sensitivity analysis shows that a 25% increase in feed prices would reduce profits by Rs. 26,220 while a 100% increase would make the project unviable.
This document provides information about fund flow statements and cash flow statements. It includes sample profit and loss statements and balance sheets. It asks the reader to calculate cash flow from operating activities based on the information provided, and to state how various transactions should be reported in a cash flow statement. It also provides additional financial information and asks the reader to calculate sources and uses of funds or prepare cash flow statements based on the information given.
Project Performance Report August 2018.pptxChinelo Ezenwa
I prepared this report to highlight the performance of projects related to site surveys, installation and maintenance of remote monitoring systems installed at telecom base stations or masts. It provides detailed analysis of project expenses and revenue comparing planned versus actual figures and giving direction to the management team on how resources are allocated and where is the most value realized.
This presentation summarizes the performance of the CRM division, which includes the PPPL, ARP, Mill, and RWL lines. Some key points:
- Total production since commissioning is 204,426 MT. Highest daily production was 571.27 MT at PPPL in May 2016.
- Yields have been high, with the highest recorded being 99.442% at Mill in June 2016. Average yields for PPPL, Mill and RWL have been maintained above 99%, 95%, and 94% respectively.
- Consumption of work rolls and internal mill rolls has decreased by 62.2% and 53.1% respectively from 2015 to 2016 averages due to various improvement efforts.
YOUR BUSINESS IS YOUR PROFITABILITY IN CONCEPT HOTEL FUTURIST. SEE YOUR FUTURE AS YOUR PRESENT AND INVEST IN CREATIVITY THAT MAKES SENSE AND REALITY FOR BOTH GUESTS, MANAGEMENT AND STAFF. A NEW VISION AT SHORT TERM, MID TERM OR LONG TERM QUALITY AND TECHNOLOGY HOSPITALITY INDUSTRY.
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
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Review W 26 & Plan Week 27 2022_MUM.pptxssuserb71d4d
The document contains a production review and plan for Week 26 and Week 27 at the JOB SITE BAS – TANJUNG ENIM site for PT MANGGALA Engineering Department. It includes production data from all pits, equipment allocation and availability, productivity analysis, and production projections showing expected overburden removal of 143,585 BCM for Week 27. Safety topics and schedules are also included.
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I prepared this report to give management an understanding of how projects are performing operationally and financially. Comparing planned KPIs and budgets versus actual output.
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This document summarizes the results of a resource efficiency and cleaner production (RECP) assessment conducted at a facility. It includes details on potential savings opportunities identified, such as from cooling water pumps, HVAC fans, and compressed air leaks. Graphs and an energy balance show electricity consumption by department and process. Uninsulated steam lines and equipment were quantified, with estimated costs and savings from insulation. The document recommends savings opportunities, and outlines an action plan for implementing resource efficiency improvements.
1. The document provides a suggested solution to a mock exam question regarding the accounting treatment of baking equipment acquired by Bake Away Ltd in a foreign currency transaction.
2. It includes journal entries to correct an error made by a junior accountant in recording the transaction, as well as the year-end foreign exchange loss journal entry required by IAS 21.
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The document contains a series of codes and measurements related to a construction or engineering project. It includes codes like Ti, Te, CR, RA that may refer to materials, locations or components. It also includes measurements for R (radius), Lr (length), and h (height). The codes and measurements are repeated at various points along the document, which may correspond to different stations or kilometers of a linear project like a road or railway.
With the launch of Guided Configuration and offcourse SAP HANA, S/4 HANA; the configuration work has become easier and companies can save up to 75% of configuration efforts. Also the Guided Configuration tool helps to validate and accurately compose this important exercise by removing any human errors as experienced in traditional use of IMG , SPRO.
This document provides specifications for Double Shoulder High Torque (DSHT) tool joints and compares them to standard API tool joints. It includes dimensions, mechanical properties, and recommended makeup torques for various pipe sizes. DSHT tool joints offer benefits like higher torsional strength, reduced stress on threads, and increased mud flow, while maintaining interchangeability with API products. They can be used on drill collars, heavy weight drill pipe, and kellys to enable easier repair.
This document contains payroll information for multiple employees. It includes details such as basic wages, overtime pay, allowances, deductions, and net wages. It also provides calculations and workings for different bonus incentive schemes. The document contains information needed to process payroll and determine compensation for employees under various incentive plans.
This document contains information from a management review meeting including:
- Sales performance for the current year with plan vs actual figures. Some parts were below target due to reasons like customer requests or schedule changes.
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1. UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST
RECEIPTS ISSUES BALANCE
DATE
Page 1 of 35
2. UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST
RECEIPTS ISSUES BALANCE
DATE
Page 2 of 35
3. FIFO
UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST
1 Jan 100 R5.000 R500
3 March 40 R5.000 R200 60 R5.000 R300
4 June 50 R5.500 R275 60 R5.000 R300
50 R5.500 R275
6 June 50 R6.000 R300 60 R5.000 R300
50 R5.500 R275
50 R6.000 R300
9 Sept 60 R5.000 R300 0 R5.000 R0
10 R5.500 R55 40 R5.500 R220
50 R6.000 R300
90 R520
Question 3.1
DATE
RECEIPTS ISSUES BALANCE
Q3.1 Page 3 of 35
4. LIFO
UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST
1 Jan 100 R5.000 R500
3 March 40 R5.000 R200 60 R5.000 R300
4 June 50 R5.500 R275 60 R5.000 R300
50 R5.500 R275
6 June 50 R6.000 R300 60 R5.000 R300
50 R5.500 R275
50 R6.000 R300
9 Sept 50 R6.000 R300 60 R5.000 R300
20 R5.500 R110 30 R5.500 R165
0 R6.000 R0
90 R465
a. B (R300 + R55)
b. C (R300 + R110)
c. A
DATE
RECEIPTS ISSUES BALANCE
Q3.1 Page 4 of 35
5. LIFO
UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST
1 Oct 500 R1.200 R600
200 R1.250 R250
8 Oct 600 R1.300 R780 500 R1.200 R600
200 R1.250 R250
600 R1.300 R780
20 Oct 600 R1.500 R900 500 R1.200 R600
200 R1.250 R250
600 R1.300 R780
600 R1.500 R900
29 Oct 600 R1.500 R900 400 R1.200 R480
600 R1.300 R780 0 R1.250 R0
200 R1.250 R250 0 R1.300 R0
100 R1.200 R120 0 R1.500 R0
R480
Question 3.2
DATE
RECEIPTS ISSUES BALANCE
Q3.2 Page 5 of 35
7. WEIGHTED AVERAGE
UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST
1 Oct 700 R1.214 R850
8 Oct 600 R1.300 R780 1,300 R1.254 R1,630
20 Oct 600 R1.500 R900 1,900 R1.332 R2,530
29 Oct 1,500 R1.332 R1,997 400 R1.332 R533
R533
Small differences may occur due to rounding off.
DATE
RECEIPTS ISSUES BALANCE
Q3.2 Page 7 of 35
15. Number of units in closing inventory:
Received 1,350
Issued -890
460
Value of closing inventory:
UNITS UNIT COST TOTAL COST
FIFO 250 R270.000 R67,500
200 R265.000 R53,000
10 R280.000 R2,800
460 R123,300
LIFO 460 R240.000 R110,400
W/A 460 R257.185 R118,305
Small differences may occur due to rounding off
b. FIFO
Opening inventory R120,000
Purchases R227,200
Closing inventory (R123,300)
Cost of sales R223,900
Q3.5 Page 15 of 34
16. LIFO
Opening inventory R120,000
Purchases R227,200
Closing inventory (R110,400)
Cost of sales R236,800
Weighted average
Opening inventory R120,000
Purchases R227,200
Closing inventory (R118,305)
Cost of sales R228,895
c.
FIFO LIFO W/A
Sales R267,000 R267,000 R267,000
Cost of sales (R223,900) (R236,800) (R228,895)
Gross profit R43,100 R30,200 R38,105
Q3.5 Page 16 of 34
17. a.
FIFO
UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST
1/6 1,000 R4.000 R4,000
3/6 2,000 R5.000 R10,000 1,000 R4.000 R4,000
2,000 R5.000 R10,000
6/6 1,500 R5.500 R8,250 1,000 R4.000 R4,000
2,000 R5.000 R10,000
1,500 R5.500 R8,250
9/6 1,000 R4.000 R4,000 500 R5.000 R2,500
1,500 R5.000 R7,500 1,500 R5.500 R8,250
12/6 3,000 R4.500 R13,500 500 R5.000 R2,500
1,500 R5.500 R8,250
3,000 R4.500 R13,500
14/6 500 R5.000 R2,500
1,500 R5.500 R8,250
1,500 R4.500 R6,750 1,500 R4.500 R6,750
1,500 R6,750
Question 3.6
DATE
RECEIPTS ISSUES BALANCE
Q3.6 Page 17 of 34
18. LIFO
UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST
1/6 1,000 R4.000 R4,000
3/6 2,000 R5.000 R10,000 1,000 R4.000 R4,000
2,000 R5.000 R10,000
6/6 1,500 R5.500 R8,250 1,000 R4.000 R4,000
2,000 R5.000 R10,000
1,500 R5.500 R8,250
9/6 1,500 R5.500 R8,250 1,000 R4.000 R4,000
1,000 R5.000 R5,000 1,000 R5.000 R5,000
12/6 3,000 R4.500 R13,500 1,000 R4.000 R4,000
1,000 R5.000 R5,000
3,000 R4.500 R13,500
14/6 3,000 R4.500 R13,500 1,000 R4.000 R4,000
500 R5.000 R2,500 500 R5.000 R2,500
1,500 R6,500
DATE
RECEIPTS ISSUES BALANCE
Q3.6 Page 18 of 34
19. Weighted average
UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST
1/6 1,000 R4.000 R4,000
3/6 2,000 R5.000 R10,000 3,000 R4.667 R14,000
6/6 1,500 R5.500 R8,250 4,500 R4.944 R22,250
9/6 2,500 R4.944 R12,361 2,000 R9,889
12/6 3,000 R4.500 R13,500 5,000 R4.678 R23,389
14/6 3,500 R4.678 R16,372 1,500 R7,017
1,500 R7,017
Small differences may occur due to rounding off
b. EOQ =
=
= 8,000 units
DATE
RECEIPTS ISSUES BALANCE
Hpxi
DO
)(
2
25.0
800001002
R
xxR
Q3.6 Page 19 of 34
20. Average inventory = EOQ ÷ 2 + Safety inventory
= 8 000 units ÷ 2 + 0
= 4,000 units
Number of orders per year = Annual usage ÷ EOQ
= 10 times
Ordering cost per year = No. of orders x Cost of placing an order
= R1,000
Q3.6 Page 20 of 34
21. a. Reorder level = Max. usage x max. lead time
= 1 300 x 10
= 13,000 units
D
b. Max. inventory = Reorder level - (min. usage x min. lead time) + EOQ
= 13 000 - (600 x 5) + 40 000
= 50,000 units
D
c. Min. inventory = Reorder level - (ave. usage x ave. lead time)
= 13 000 - (1 000 x 7.5)
= 5,500 units
Question 3.7
Q3.7 Page 21 of 34
23. (i) The order size for materials that will result in a minimisation of the costs of ordering inventory and carrying
inventory.
(ii) Those costs that result from having inventory on hand, such as rental of storage space, handling costs,
property taxes, insurance, and cost of funds invested in inventory.
(iii) Those costs associated with the acquisition of inventory, such as clerical costs and transportation costs.
(iv) The interval between the time that an order is placed and the time that the order is finally received from
the supplier.
(v) The point in time when an order must be placed to replenish depleted inventory; it is determined by
multiplying the lead time by the average daily weekly usage.
(vi) The difference between average usage of materials and minimum usage of materials that can reasonably
be expected during the lead time.
Question 3.8
Q3.8 Page 23 of 34
24. (a) Reorder point (no safety inventory):
Average weekly usage (units) 50
x lead time (weeks) 4
Reorder point (units) 200
(b) (i) Max. weekly usage (units) 60
Ave. weekly usage (units) 50
Difference 10
x Lead time (weeks) 4
Safety inventory (units) 40
(ii) Reorder point (units) from (a) 200
+ Safety inventory 40
Reorder point (units) 240
Question 3.9
Q3.9 Page 24 of 34
25. a. EOQ =
=
= 977.31 litres
b. No. of orders per annum = Annual usage ÷ EOQ
= 5 110 000 litres ÷ 977.31 litres
= 5 228.64 times
c. Ordering cost per year = No. of orders x cost of placing an order
= 5 228.64 orders x R0.10
= R522.86
Question 3.10
Hpxi
DO
)(
2
80.0)18.050.1(
)36514000(10.02
RxR
xxxR
3.10 Page 25 of 34
26. a. EOQ =
=
= 452.20 units
b. No. of orders per annum = Annual usage ÷ EOQ
= 96 000 units ÷ 452.20 units
= 212.30 times
c. Ordering cost per year = No. of orders x cost of placing an order
= 212.30 orders x R307
= R65,176.10
Question 3.11
Hpxi
DO
)(
2
271)15.0115(
)128000(3072
RxR
xxxR
3.11 Page 26 of 34
27. a. EOQ =
=
= 742.78 units
b. No. of orders per annum = Annual usage ÷ EOQ
= 100 000 units ÷ 742.78 units
= 134.63 times
c. Ordering cost per year = No. of orders x cost of placing an order
= 134.63 orders x R40
= R5,385.20
Question 3.12
Hpxi
DO
)(
2
10)09.050(
100000402
RxR
xxR
3.12 Page 27 of 34
28. a. EOQ =
=
= 351.47 units
b. No. of orders per annum = Annual usage ÷ EOQ
= 12 000 units ÷ 351.47 units
= 34.14 times
c. Ordering cost per year = No. of orders x cost of placing an order
= 34.14 orders x R35
= R1,194.90
Question 3.13
Hpxi
DO
)(
2
5)12.015(
12000352
RxR
xxR
3.13 Page 28 of 34
29. a.
UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST
01.Mai 500 R3.000 R1,500
06.Mai 600 R3.300 R1,980 500 R3.000 R1,500
600 R3.300 R1,980
11.Mai 600 R3.300 R1,980
200 R3.000 R600 300 R3.000 R900
13.Mai -20 R3.000 (R60) 320 R3.000 R960
16.Mai 800 R3.400 R2,720 320 R3.000 R960
800 R3.400 R2,720
23.Mai 800 R3.400 R2,720
200 R3.000 R600 120 R3.000 R360
28.Mai -100 R3.000 (R300) 20 R3.000 R60
Question 3.14
DATE
RECEIPTS ISSUES BALANCE
3.14 Page 29 of 34
30. b. Sales:
(800 - 20) x R9 R7,020
1 000 x R10 R10,000
R17,020
Cost of sales R5,840
Opening inventory R1,500
Purchases R4,400
Closing inventory (R60)
Gross profit R11,180
3.14 Page 30 of 34
31. a. EOQ =
=
= 1,249.00 units
b. No. of orders per annum = Annual usage ÷ EOQ
= 208 000 units ÷ 1 249 units
= 166.53 times
c. Safety inventory = Max. usage x min. delivery time
= 4 000 x 2
= 8,000
d. Ave. inventory = (EOQ ÷ 2) + 8 000
= (1 249 ÷ 2) + 8 000
Question 3.15
Hpxi
DO
)(
2
7)05.020(
)524000(302
RxR
xxxR
3.15 Page 31 of 34
32. = 8,624.50
e. Reorder level = max. usage x max. lead time
= 4 000 x 5
= 20,000
f. Max. inventory = Reorder level - (min. usage x min. lead time) + EOQ
= 20 000 - (3 000 x 2) + 1 249
= 15,249
3.15 Page 32 of 34
33. a. Receipts:
DATE UNITS UNIT COST TOTAL COST
02.Mär 60 R140.000 R1,750
09.Mär 60 R147.000 R8,820
120 R88.083 R10,570
Issues:
03.Mär 50
10.Mär 50
100
Number of units in closing inventory:
Received 120
Issued -100
20
Question 3.16
3.16 Page 33 of 34
34. Value of closing inventory:
UNITS UNIT COST TOTAL COST
20 R147.000 R2,940
b.
UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST UNITS UNIT PRICE TOTAL COST
02.Mär 60 R140.000 R8,400 60 R140.000 R8,400
03.Mär 50 R140.000 R7,000 10 R140.000 R1,400
09.Mär 60 R147.000 R8,820 70 R146.000 R10,220
10.Mär 50 R146.000 R7,300 20 R2,920
DATE
RECEIPTS ISSUES BALANCE
3.16 Page 34 of 34