CORe Exam Dumps | A US-based manufacturing firm receives a quoted price for an item from an offshore supplier of $.40 each

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Question 148

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Question 148/151

A US-based manufacturing firm receives a quoted price for an item from an offshore supplier of $.40 each (in US dollars), delivered duty paid to its US plant per Incoterms 2020 rules, in minimum quantities of 20,000 units. The buying organization uses 80,000 units per year, and the carrying cost is 25%. The item price is fixed for one year. What are the total costs of purchasing annual requirements from this supplier?

A. $36,000

B. $33,000

C. $32,000

D. $40,000

Correct Answer: C

* Given Data:
* Unit price: $0.40
* Annual usage: 80,000 units
* Carrying cost: 25%
* Minimum order quantity: 20,000 units
* Total Purchase Cost:
* Unit price multiplied by annual usage: $0.40 * 80,000 = $32,000
* Additional Costs:
* As the item price is fixed and includes delivery (DDP Incoterms 2020), there are no additional duties or transportation costs.
* Carrying Cost Calculation:
* For the minimum order quantity, the carrying cost is not a factor because the question specifies a
* fixed price per unit delivered.
* Conclusion: The total cost of purchasing 80,000 units per year at $0.40 each is $32,000.
References
* Incoterms 2020 by International Chamber of Commerce (ICC).
* Supply Chain Management: Strategy, Planning, and Operation by Sunil Chopra.
* The Handbook of Logistics and Distribution Management by Alan Rushton, Phil Croucher, and Peter Baker.

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