Question

Bubble and Squeak The rising popularity of bubble and squeak as a breakfast item on the...

Bubble and Squeak
The rising popularity of bubble and squeak as a breakfast item on the menu has resulted in a steady demand for peas. Over the past year, 11,882 cups of English peas are sold. It costs four cents ($0.04) to hold a cup of peas in inventory for a year and $3 to place an order (remember they come all the way from England!). Assume there are 52 working weeks in a year.
How many orders per year does the diner place if they order at the economic order quantity?  (Submit your complete for this question through a separate link)

5

18

9

Bubble and Squeak
The rising popularity of bubble and squeak as a breakfast item on the menu has resulted in a steady demand for peas. Over the past year, 11,882 cups of English peas are sold. It costs four cents ($0.04) to hold a cup of peas in inventory for a year and $3 to place an order (remember they come all the way from England!). Assume there are 52 working weeks in a year.
What is average time between orders if the diner orders at the economic order quantity? (Submit your complete for this question through a separate link)

2.92 weeks

11.68 weeks

5.84 weeks

8.76 weeks

Bubble and Squeak
The rising popularity of bubble and squeak as a breakfast item on the menu has resulted in a steady demand for peas. Over the past year, 11,882 cups of English peas are sold. It costs four cents ($0.04) to hold a cup of peas in inventory for a year and $3 to place an order (remember they come all the way from England!). Assume there are 52 working weeks in a year.
What is the total inventory related costs (inventory holding and ordering costs) if the diner orders at the economic order quantity? (Submit your complete for this question through a separate link)

$80.10

$26.70

$106.80

$53.40

14

0 0
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Answer #1

Given dafain Annual demand (0) = 11,882 cups Holding cost (C)= 0.04 $ Ordering cost (6) - 3$ No. of working weeks per year =- © Total inventory cost At Eag = ordering + Holding cast Cost = D xco + Eogxen = 11982_x3 + 1335x0.04 1335 53.40 $ Hence, opA thumbs up, pls !!

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