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Bundaberg Glass Company is a distributor of car windscreens. The windscreens are manufactured in Japan and...
Please Help me !!! Bundaberg Glass Company is a distributor of car windscreens. The windscreens are...
Please Help me !!! Bundaberg Glass Company is a distributor of car windscreens. The windscreens are manufactured in Japan and shipped to Bundaberg. The management is expecting an annual demand of 30 000 windscreens. The purchase price of each windscreen is $500. Currently, company orders 250 windscreens per order. According to the management, it takes two (2) weeks to receive a new order, and the company works a 6-day week for 50 weeks each year. Other costs associated with ordering...
EOQ
Bundaberg Glass Company is a distributor of car windscreens. The windscreens are manufactured in Japan and shipped to Bundaberg. Management is expecting an annual demand of 10 800 windscreens. The purchase price of each windscreen is $400. Other costs associated with ordering and maintaining an inventory of these windscreens are shown below. § The ordering costs incurred in the purchase order department for placing and processing orders for the past three years are shown below. Year Orders placed and processed Total processing...
A local distributor for a national tire company expects to sell 9600 radial tires per year....
A local distributor for a national tire company expects to sell 9600 radial tires per year. Annual carrying cost is $16 per tire, and ordering cost is $75 per order. The distributor operates 288 days in a year. The lead time to receive the order is 3 days. (a) What is the economic order quantity? (b) What is the reorder point? (c) What is the total annual cost of inventory and ordering? (d) What is the number of cycles in...
Eagle Insurance is a large insurance company chain with a central inventory operation. The company’s fastest-moving...
Eagle Insurance is a large insurance company chain with a central inventory operation. The company’s fastest-moving inventory item has a demand of 80,000 units per year. The cost of each unit is $200, and the inventory carrying cost is $15 per unit per year. The average ordering cost is $60 per order. It takes about 2 days for an order to arrive. This is a corporate operation, and there are 250 working days per year. (Please show all work including...
Using a computerized Inventory Management System, a Paint Supply Store franchise continuously monitors the inventory of...
Using a computerized Inventory Management System, a Paint Supply Store franchise continuously monitors the inventory of all the paint located at each of their 15 stores and their distribution warehouse. The Paint Supply Store franchise sells an average of 64 gallons of Green Paint every week (for 52 weeks per year). They purchase Green Paint from their supplier at a price of $3.50 per gallon. [The company does not hold Safety Stock] It takes 2.25 weeks to receive an order...
Here is the first part of the question Task 1. A wholesale distributor stocks and sells...
Here is the first part of the question Task 1. A wholesale distributor stocks and sells low flow toilets to contractors for use in commercial office buildings. The estimated annual demand for the toilets is 5,475 units. The estimated average demand per day is 18 units. The purchase cost from the toilet manufacturer is $135.00 per unit. The lead-time for a new order is 5 days. The ordering cost is $90.00 per order. The average holding cost per unit per...
The manager of a car wash received a revised price list from the vendor who supplies...
The manager of a car wash received a revised price list from the vendor who supplies soap, and a promise of a shorter lead time for deliveries. Formerly the lead time was 4 days, but now the vendor promises a reduction of 25 percent in that time. Annual usage of soap is 5990 gallons. The car wash is open 360 days a year. Assume that daily usage is normal, and that it has a standard deviation of 4.0 gallons per...
accounts multiple choice The graph below depicts the components of total stock administration costs for an...
accounts multiple choice
The graph below depicts the components of total stock administration costs for an item of inventory Cost(s) Z Quantity (units) Nhat does the point labelled Z represent? Select one: a. Ordering costs b. Storage costs C. The economic order quantity d. Total stock administration costs Total Stock Administration costs under the EOQ model is the sum of: Select one: a. Carrying costs and reorder level costs b. Storage and carrying costs c. Minimum stock costs and reorder...
CHAP 15 - Q13 DROPDOWN OPTIONS ARE BELOW THIS 13. Calculate economic ordering quantity (EOQ) Inventory...
CHAP 15 - Q13
DROPDOWN OPTIONS ARE BELOW THIS
13. Calculate economic ordering quantity (EOQ) Inventory costs can be categorized as the costs incurred for holding the inventory, the costs of ordering and receiving the inventory, and the cost of running out of inventory. costs are the direct and indirect costs of keeping inventory on hand. The number of units in the optimal size order is called the economic ordering quantity (E0Q). Murphy Company purchases custom-made durable packing boxes to...
can you show how to do this work Question 13 Using a computerized Inventory Management System,...
can you show how to do this work
Question 13 Using a computerized Inventory Management System, a Paint Supply Store franchise continuously monitors the inventory of all the paint located at each of their 15 stores X and their distribution warehouse. The Paint Supply Store franchise sells an average of 74 gallons of Purple Paint every week (for 52 weeks per year, Standard Deviation of the Demand - 8 gallons). They purchase Purple Paint from their supplier at a price...
Using a computerized Inventory Management System, a Paint Supply Store franchise continuously monitors the inventory of all the paint located at each of their 15 stores and their distribution warehouse. The Paint Supply Store franchise sells an average of 64 gallons of Green Paint every week (for 52 weeks per year). They purchase Green Paint from their supplier at a price of $3.50 per gallon. [The company does not hold Safety Stock] It takes 2.25 weeks to receive an order...
accounts multiple choice
The graph below depicts the components of total stock administration costs for an item of inventory Cost(s) Z Quantity (units) Nhat does the point labelled Z represent? Select one: a. Ordering costs b. Storage costs C. The economic order quantity d. Total stock administration costs Total Stock Administration costs under the EOQ model is the sum of: Select one: a. Carrying costs and reorder level costs b. Storage and carrying costs c. Minimum stock costs and reorder...
CHAP 15 - Q13
DROPDOWN OPTIONS ARE BELOW THIS
13. Calculate economic ordering quantity (EOQ) Inventory costs can be categorized as the costs incurred for holding the inventory, the costs of ordering and receiving the inventory, and the cost of running out of inventory. costs are the direct and indirect costs of keeping inventory on hand. The number of units in the optimal size order is called the economic ordering quantity (E0Q). Murphy Company purchases custom-made durable packing boxes to...
can you show how to do this work
Question 13 Using a computerized Inventory Management System, a Paint Supply Store franchise continuously monitors the inventory of all the paint located at each of their 15 stores X and their distribution warehouse. The Paint Supply Store franchise sells an average of 74 gallons of Purple Paint every week (for 52 weeks per year, Standard Deviation of the Demand - 8 gallons). They purchase Purple Paint from their supplier at a price...
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