HELP ME WITH MY HOMEWORK
MAMA Co, a large manufacturer of toys and dolls, uses large quantities of flesh-colored cloth in its doll production process. Throughout the year, the firm uses 1,250,000 square yards of this cloth. The fixed costs of placing and receiving an order are P2,000, which includes a P1,500 setup charge at the mill. The price of the cloth is P2.50 per square yard, and the annual cost of carrying this inventory item is 25% of the price. Laruan Co. maintains a 12,500 square yard safety stock. The cloth supplier requires a 2-week lead time from order to delivery.Required:
a.What is the EOQ for this cloth?
b.What is the total cost of inventory including the safety stock (assume that the safety stock is on hand at the beginning of the year)
c.Using a 52-week year, at what inventory unit level should an order be placed?
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can someone help me figure out where to input the numbers on the excel sheet to...
can
someone help me figure out where to input the numbers on the excel
sheet to figure out the carrying cost for question 1 and 2.
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can
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sheet to figure out the carrying cost for question 1 and 2.
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