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A company uses 1450 rolls of masking tape annually. It costs the company $15 to order...
Question 1 (10 points) A company uses 1450 rolls of masking tape annually. It costs the...
Question 1 (10 points) A company uses 1450 rolls of masking tape annually. It costs the company $15 to order and receive this product. The masking tape costs $3.42 per roll. The company uses a factor of 16% of the purchase price to determine the annual holding cost for this product. What is the Economic Order Quantity (EOQ)? 381.2 rolls 0 61 rolls 281.9 rolls 2.7 rolls 79,495 rolls
3. Calculate the Economic Ordering Quantity (EOQ) model Aa Aa Inventory costs can be categorized as...
3. Calculate the Economic Ordering Quantity (EOQ) model Aa Aa Inventory costs can be categorized as the costs associated with holding the inventory, ordering and receiving the inventory, or running out of the inventory. For example, costs are the direct and indirect costs of keeping inventory on hand. carrying ordering The number of units in the optimal size order is called the economic ordering quantity (EOQ). Jones Company purchases custom-made durable packing boxes to ship its equipment. Each year, Jones...
Bundaberg Glass Company is a distributor of car windscreens. The windscreens are manufactured in Japan and...
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 and maintaining an inventory...
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...
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...
The Saugatuck Soda Company uses an average of 2,000 kg of sugar per day in producing...
The Saugatuck Soda Company uses an average of 2,000 kg of sugar per day in producing its premium soda. Their production facility operate 360 days per year. They purchase sugar at $0.40/kg delivered. It costs Saugatuck $200 to process and order for sugar. They use a factor of 18% of the cost of sugar as the annual holding cost. Calculate the economic order quantity for sugar for Saugatuck Soda.
The Talbot Company uses electrical assemblies to produce an array of small appliances. One of its...
The Talbot Company uses electrical assemblies to produce an array of small appliances. One of its high cost / high volume assemblies, the XO-01, has an estimated annual demand of 8,000 units. Talbot estimates the cost to place an order is $50, and the holding cost for each assembly is $10 per year. The company operates 250 days per year. What is the total annual holding and ordering cost if Talbot orders using the Economic Order Quantity (EOQ)?
A fresh produce distributor uses 890 non-returnable packing crates a month, which it purchases at a...
A fresh produce distributor uses 890 non-returnable packing crates a month, which it purchases at a cost of $6 each. The manager has assigned an annual holding cost of 35 percent of the purchase price per crate. Ordering cost is $35 per order. Currently the manager orders 890 crates at a time. How much could the firm save annually in ordering and holding costs by using the EOQ?
Economic Order Quantity Ottis, Inc., uses 656,100 plastic housing units each year in its production of...
Economic Order Quantity Ottis, Inc., uses 656,100 plastic housing units each year in its production of paper shredders. The cost of placing an order is $24. The cost of holding one unit of inventory for one year is $12. Currently, Ottis places 162 orders of 4,050 plastic housing units per year. Required: 1. Compute the economic order quantity. X units 2. Compute the ordering, carrying, and total costs for the EOQ. Ordering cost $ X Carrying cost Total cost 3....
Barksdale Biscuits is a small manufacturer of gourmet dog biscuits and uses an average of 6,900...
Barksdale Biscuits is a small manufacturer of gourmet dog biscuits and uses an average of 6,900 pounds of flour per week and works 50 weeks per year. Barksdale buys flour at $0.20/lb delivered. It costs them $85 to process an order. They use 16% of the purchase price for flour to calculate the annual holding cost. Calculate the economic order quantity for flour for Barksdale Biscuits.
Question 1 (10 points) A company uses 1450 rolls of masking tape annually. It costs the company $15 to order and receive this product. The masking tape costs $3.42 per roll. The company uses a factor of 16% of the purchase price to determine the annual holding cost for this product. What is the Economic Order Quantity (EOQ)? 381.2 rolls 0 61 rolls 281.9 rolls 2.7 rolls 79,495 rolls
3. Calculate the Economic Ordering Quantity (EOQ) model Aa Aa Inventory costs can be categorized as the costs associated with holding the inventory, ordering and receiving the inventory, or running out of the inventory. For example, costs are the direct and indirect costs of keeping inventory on hand. carrying ordering The number of units in the optimal size order is called the economic ordering quantity (EOQ). Jones Company purchases custom-made durable packing boxes to ship its equipment. Each year, Jones...
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 and maintaining an 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...
Economic Order Quantity Ottis, Inc., uses 656,100 plastic housing units each year in its production of paper shredders. The cost of placing an order is $24. The cost of holding one unit of inventory for one year is $12. Currently, Ottis places 162 orders of 4,050 plastic housing units per year. Required: 1. Compute the economic order quantity. X units 2. Compute the ordering, carrying, and total costs for the EOQ. Ordering cost $ X Carrying cost Total cost 3....
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