Calculate the Total Annual Cost - Finance Assignment Help

Assignment Task :

1. Co requires 800 units pa. Cost per unit 20/- carrying cost is 20%. Ordering cost Rs.100 per order. Calculate Carrying cost, ordering cost, total cost by considering no of orders ranging from 1 to 8 and suggest how much Quantity to purchase every time? Justify it with calculation of EOQ by formula    

2. Company pays basic wages at Rs.50 per hour. The standard time to finish a job is 8 Hours. There are two workers Mr X and Mr Y. Mr X completes the job in 7 Hours while Mr Y completes the job in 6.5 Hours. Calculate the total wages (including Bonus ) to be paid to Mr X and Mr Y based on – 

3. Halsey Bonus system

4. Rowan Bonus system

2. A company buys its annual requirement of 36,000 units in six installments, each unit costs Rs.1 and ordering cost is 25 per order. Inventory carrying cost is estimated at 20% pa . Calculate the total annual cost (Ordering + Carrying) under existing inventory policy and also calculate savings if Quantity as per EOQ is purchased everytime.

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