The economic order quantity may be used to determine all of the following except: A. the...
The economic order quantity may be used to determine all of the following except:
| A. |
the quantity of raw materials to order |
|
| B. |
quantity of products to order |
|
| C. |
length of a production run |
|
| D. |
impact of quantity discounts on ordering |
Homework Answers
Economic ordering objective is to calculate the number of units at which the ordering costs and inventory holding costs are optimal.
Hence, it is not relevant to the length of production run (option C)
Add Answer to:
The economic order quantity may be used to determine all of the
following except:
A.
the...
A company is attempting to determine the economic order quantity for glass used in the production...
A company is attempting to determine the economic order quantity for glass used in the production of windows. 3,000 ponds of glass were used at a constant rate last period. Each order represents an ordering cost of $50. Carrying costs are $30 per pond over the 100-day planning period. A-What is the economic order quantity? B- The company has determined that it takes only 5 days to receive the order of glass after the placement of the order. When should...
Question 3(30 marks) The Economic Order Quantity is a model used to manage inventory and to...
Question 3(30 marks) The Economic Order Quantity is a model used to manage inventory and to decide how much of any particular item to order when stocks need to be replenished. This model determines the optimal order quantity in terms of minimizing the total inventory costs (a) Explain with the help of a graph, the Economic Order Quantity Model in inventory management? (15 Marks) (b) XYZ company manufactures mobile phones and have a strong global presence in every part of...
The economic order quantity (EOQ) model is a classical model used for controlling inventory and s...
The economic order quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost, and the cost of goods ordered. The assumptions for that model are that only a single item is considered, that the entire quantity ordered arrives at one time, that the demand for the item is constant over time, and that no shortages arc allowed. Suppose we relax the first assumption and...
All of the following are inventoried under absorption costing except: 01. 0 raw materials used in...
All of the following are inventoried under absorption costing except: 01. 0 raw materials used in production. 02. utilities cost consumed in manufacturing 03. d machine lubricant used in production. 04. a direct labor. 05. sales commissions.
The Economic Order Quantity (EOQ) model is a classical model used for controlling inventory and satisfying...
The Economic Order Quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost and the cost of goods ordered. The assumptions for that model are that only a single item is considered, that the entire quantity ordered arrives at one time, that the demand for the item is constant over time, and that no shortages are allowed. Suppose we relax the first assumption and...
Discount-Mart, a major East Coast retailer, wants to determine the economic order quantity for its halogen...
Discount-Mart, a major East Coast retailer, wants to determine the economic order quantity for its halogen lamps. It currently buys all halogen lamps from Specialty Lighting Manufacturers, in Atlanta. Annual demand is 2,000 lamps, ordering cost per order is $60, carrying cost per lamp is $12 a) What is the EOQ? 142 lamps per order (round your response to the nearest whole number). b) What are the total annual costs of holding and ordering (managing) this inventory? $ 1,697 (round...
Discount-Mart, a major East Coast retailer, wants to determine the economic order quantity for its halogen...
Discount-Mart, a major East Coast retailer, wants to determine the economic order quantity for its halogen lamps. It currently buys all halogen lamps from Specialty Lighting Manufacturers, in Atlanta. Annual demand is 2 comma 000 lamps, ordering cost per order is $0.50, carrying cost per lamp is $20. As part of its new JIT program, Discount-Mart has signed a long-term contract with Specialty Lighting and will place orders electronically for its halogen lamps. a) What is the economic order quantity?...
Problem 13-9 The Economic Order Quantity (EOQ) model is a classical model used for controlling in...
Problem 13-9 The Economic Order Quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost and the cost of goods ordered. The assumptions for that model are: only a single item is considered; the entire quantity ordered arrives at one time; the demand for the item is constant over time; no shortages are allowed Suppose we relax the first assumption and allow for multiple...
When economic efficiency is attained, it implies all of the following, except: A. All of these...
When economic efficiency is attained, it implies all of the following, except: A. All of these statements are correct B. Allocative efficiency is achieved C. The gap between marginal benefits and marginal costs of production is at maximum D. Total consumer and producer surplus is at a maximum E. Productive efficiency is achieved
3.)a radian is all of the following except a.) a dimensionless quantity b.) the ratio of...
3.)a radian is all of the following except a.) a dimensionless quantity b.) the ratio of arc length over radius c.) same as degrees d.) the unit for rotational position
Question 3(30 marks) The Economic Order Quantity is a model used to manage inventory and to decide how much of any particular item to order when stocks need to be replenished. This model determines the optimal order quantity in terms of minimizing the total inventory costs (a) Explain with the help of a graph, the Economic Order Quantity Model in inventory management? (15 Marks) (b) XYZ company manufactures mobile phones and have a strong global presence in every part of...
The economic order quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost, and the cost of goods ordered. The assumptions for that model are that only a single item is considered, that the entire quantity ordered arrives at one time, that the demand for the item is constant over time, and that no shortages arc allowed. Suppose we relax the first assumption and...
All of the following are inventoried under absorption costing except: 01. 0 raw materials used in production. 02. utilities cost consumed in manufacturing 03. d machine lubricant used in production. 04. a direct labor. 05. sales commissions.
Discount-Mart, a major East Coast retailer, wants to determine the economic order quantity for its halogen lamps. It currently buys all halogen lamps from Specialty Lighting Manufacturers, in Atlanta. Annual demand is 2,000 lamps, ordering cost per order is $60, carrying cost per lamp is $12 a) What is the EOQ? 142 lamps per order (round your response to the nearest whole number). b) What are the total annual costs of holding and ordering (managing) this inventory? $ 1,697 (round...
Problem 13-9 The Economic Order Quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost and the cost of goods ordered. The assumptions for that model are: only a single item is considered; the entire quantity ordered arrives at one time; the demand for the item is constant over time; no shortages are allowed Suppose we relax the first assumption and allow for multiple...
Most questions answered within 3 hours.
-
Problem #5
A communications cable is 2.00 km long and consists of two
parallel wires separated...
asked 4 minutes ago -
Cranium, Inc., purchases term papers from an overseas supplier
under a continuous review system. The average...
asked 3 hours ago -
1- What is the freezing point of pure water (in degrees
Celsius)?
2-
he molar mass...
asked 4 hours ago -
Determine the direction of the force that will act on the charge
in each of the...
asked 4 hours ago -
You purchase your daily coffee at the Chemist’s Coffeehouse and
have a choice of two cups:...
asked 6 hours ago -
Which of the following pairs of chemicals could be used to make
a buffer solution?
A.)...
asked 6 hours ago -
Problem 16-51 Sales
Activity Variance (LO 16-3)Odessa, Inc., reports the following
information concerning operations for the...
asked 7 hours ago -
Pictured on the right are thee point charges Q1 = 18.4 μC, Q2 =
-30.6 μC,...
asked 7 hours ago -
A graduate student is conducting research in psychology and
needs to obtain the IQ scores of...
asked 7 hours ago -
R2.84: There are 2 defective products in a production lot of 10.
An inspector randomly selected...
asked 9 hours ago -
Consider the following equilibrium system: COCl2(g) CO(g) +
Cl2(g) A 10.00 L evacuated flask is filled...
asked 9 hours ago -
1) What are the two distinct steps that one needs to perform
when developing a data...
asked 9 hours ago