To calculate the standard storage charges in the warehouse for the pharmaceutical product, we need to follow these steps:
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Calculate the volume of the product in cubic meters (cbm):
- The dimensions are given in centimeters, so we first convert them to meters.
- Volume (cbm) = Length (m) × Width (m) × Height (m)
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Calculate the storage charges:
- Storage Charges = Volume (cbm) × Cost per cbm
Step 1: Calculate the Volume
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Dimensions: 120 cm x 120 cm x 120 cm
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Convert to meters:
- Length = 120 cm / 100 = 1.2 m
- Width = 120 cm / 100 = 1.2 m
- Height = 120 cm / 100 = 1.2 m
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Volume = 1.2 m × 1.2 m × 1.2 m = 1.728 cbm
Step 2: Calculate the Storage Charges
- Cost per cbm = 1 Bahraini Dinar
- Storage Charges = 1.728 cbm × 1 BHD/cbm = 1.728 BHD
Conclusion
The standard storage charges in the warehouse for the pharmaceutical product would be approximately 1.73 Bahraini Dinars (rounded to two decimal places).