Group #5-Discussion 5.docx.xlsx.docx - Discussion#5(Weekly...

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Discussion #5 (Weekly Group Discussion) GROUP MEMBERS : Mary Gobinsigh Rhea John- (Leader) Cindy Joseph Julie Octave Tanisha Todd UNIVERSITY: University of the West Indies: Open Campus COURSE CODE: ACCT1003 COURSE TITLE: Introduction to Cost & Management Accounting Semester I 2018/2019
Part 1A product has a demand of 500 units per month, at a cost of $200 per unit. The annual holding cost per unit is calculated as 2% of the unit purchase price. It costs the business $30 to place a single order. The EOQ model is appropriate.a)Determine the highest number of units that should be purchased by the business. S b)What is the number of orders to be placed each year for this product? c)Compute the average annual ordering cost

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