Nowlin pipe & steel has projected sales of 32,400 pipes this year, an ordering cost of $3 per order, and carrying costs of $1.50 per pipe.
A. What is the economic ordering quantity?
B. How many orders will be placed during the year?
C. What will be the average inventory?
Answer 1
EOQ =
=
= 360
Answer 2
No of Order = Total Demand / EOQ
= 32400/360
= 90
Answer 3
Avg Inventory = EOQ/2
= 360/2 = 180
NOTE: The answer to your question has been given below/above. If there is any query regarding the answer, please ask in the comment section. If you find the answer helpful, do upvote. Help us help you.
Nowlin pipe & steel has projected sales of 32,400 pipes this year, an ordering cost of...
Nowlin Pipe & Steel has projected sales of 72,000 pipes this year, an ordering cost of $6 per order, and carrying costs of $2.40 per pipe. a. What is the economic ordering quantity? Economic ordering quantity units b. How many orders will be placed during the year? Number of orders orders c. What will the average inventory be? Average inventory units
Nowlin pipe & steel has projected sales of 72,000 pipes this year, an ordering cost of $6 per order, and carrying costs of $2.40 per pipe. A. What is the economic ordering quantity? B. How many orders will be placed during the year? C. What will be the average inventory? D. What will be the cost of ordering? E. What will be the carrying cost?
Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates sales of 97,200 units per year, an ordering cost of $4 per order, and carrying costs of $1.50 per unit. In the second year, Fisk Corporation finds that it can reduce ordering costs to $1 per order, but carrying costs will stay the same at $1.50 per unit. a-1. What is the economic ordering quantity for the second...
Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates sales of 57,600 units per year, an ordering cost of $12 per order, and carrying costs of $1.50 per unit. In the second year, Fisk Corporation finds that it can reduce ordering costs to $3 per order, but carrying costs will stay the same at $1.50 per unit. a-1. What is the economic ordering quantity for the second...
Ordering Quantity Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 49,000 units per year, an ordering cost of $8 per order, and carrying costs of $1.60 per unit. a. What is the economic ordering quantity? b. How many orders will be placed during the year? c. What will the average inventory be? d. What is the total cost of ordering...
Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 49,000 units per year, an ordering cost of $8 per order, and carrying costs of $1,60 per unit a. What is the economic ordering quantity? Economic ordering quantity = _______ units b. How many orders will be placed during the year? orders Number of = _______ orders c. What will the average inventory be? Average inventory...
Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 84,500 units per year, an ordering cost of $12 per order, and carrying costs of $1.20 per unit. a. What is the economic ordering quantity? Economic ordering quantity = _______ units b. How many orders will be placed during the year? orders Number of = _______ orders c. What will the average inventory be? Average inventory...
12. Big Chief Tablet Company expects annual sales of 600,000 electronic tablets, an order cost of $12 per order and a carrying cost of $1.50 per tablet What is the economic order quantity? a. b. How many orders will be placed during the year? What will the average inventory level be? c. d. What is the annual total cost of ordering and carrying inventory? e Assume an additional 5,000 units of inventory will be required as safety stock What will...
Check my workCheck My Work button is now enabled5 Item13 Item 13 2 points Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 98,000 units per year, an ordering cost of $12 per order, and carrying costs of $1.20 per unit. a. What is the economic ordering quantity? b. How many orders will be placed during the year? c. What will the average inventory be?...
Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates sales of 84,500 units per year, an ordering cost of $4 per order, and carrying costs of $1.6 per unit. a. What is the economic ordering quantity? Economic ordering quantity (EOQ) units b. How many orders will be placed during the year? Number of orders c. What will the average inventory be? Average inventory ...