The annual demand for a product has been projected to be 2,000 units. This demand is...
The annual demand for a product has been projected to be 2,000 units. This demand is assumed to be constant throughout the year. The ordering cost is $20 per order, and the holding cost is $20 percent of the purchase cost. Currently, the purchase cost is $40 per unit. There are 250 working days per year. Whenever an order is placed, it is known that the entire order will arrive on a truck in 6 days. If the holding cost for the year is $2000, how much units does the company order at a time ?
this is my second posting for this question, please show your work for me to understand the problem
Homework Answers
Add Answer to:
The annual demand for a product has been projected to
be 2,000 units. This demand is...
Exon Revrew Department of Accounting, Finance & Economics Bowie State University ECON 483 Spring 2018 In-Class...
Exon Revrew Department of Accounting, Finance & Economics Bowie State University ECON 483 Spring 2018 In-Class Review 1) The annual demand for a product has been projected at 2,000 units. to be constant throughout the year. The ordering cost is $20 per order, and the holding cost is 20 percent of the purchase cost. The purchase cost is $40 per unit. There are 250 working days per year. Currently, the company is ordering 500 units.cach time an order is placed....
) The demand during the lead time is normally distributed with a méan of 40 and...
) The demand during the lead time is normally distributed with a méan of 40 and a standard deviation of 4. If they have calculated a reorder point of 46.60 units, what service level are they assuming? 9505 Service leve 2) The annual demand for a product has been projected at 2,000 units. This demand is assumed constant throughout the year. The ordering cost is $20 per order, and the holding cost is 20 percent purchase cost. The purchase cost...
menu iterm. The pizza is ordered frozen from a local pizza establishment and baked at the...
menu iterm. The pizza is ordered frozen from a local pizza establishment and baked at the cafeteria. Judith anticipates a weekly demand of 10 pizzas. The cafeteria is open 45 weeks a 4) Judith Thompson is the manager of the student center cafeteria. She is introducing piza year, 5 days a week. The ordering cost is $15 and the holding cost is $0.40 per pizza per year What is the optimal number of pizzas Judith should order? 5) The annual...
The demand for a product is 12,500 units for a three month period. Each unit of...
The demand for a product is 12,500 units for a three month period. Each unit of product has a purchase price of $15 and ordering costs are $20 per order placed. The annual holding cost of one unit of product is 10% of its purchase price. What is the Economic Order Quantity (to the nearest unit)?
A product has a demand of 374 units per month. Ordering cost is $20, and holding...
A product has a demand of 374 units per month. Ordering cost is $20, and holding cost is super por you. TheronThe management cost (holding and setup costs only for this product will be per year, demand 374 per month order cost $20 per order holding cost $4 per unit per year Excel Access
4a. A computer company has annual demand of 100,000. They want to determine EOQ for circuit...
4a. A computer company has annual demand of 100,000. They want to determine EOQ for circuit boards which have an annual holding cost (H) of $10/unit, and an ordering cost (S) of $200. What is the EOQ? 2000 4b. A computer company has annual demand of 100,000. They want to determine EOQ for circuit boards which have an annual holding cost (H) of $10/unit, and an ordering cost (S) of $200. What is the total annual inventory cost (setup and...
Stlyez Corp. has a monthly demand of 2,000 units for a product. The product is used...
Stlyez Corp. has a monthly demand of 2,000 units for a product. The product is used at a constant rate over the 365 days. The annual holding cost for the product is estimated to be $4.00 per unit and the cost of placing each order is $150.00. Current order quantity (lot size) is 1000 units. What is the total annual inventory cost for Stlyez Corp, if it orders as per EOQ? Select one: A) $5,196 B) $5,367 C) $1,500 D)...
Transparent Processing System QUESTION 9 A product has a demand of 414 units per month. Ordering...
Transparent Processing System QUESTION 9 A product has a demand of 414 units per month. Ordering cost is $20, and holding cost is $4 per unit per year. The EOQ model is appropriate. The total management cost (holding and setup costs only) for this product will be per year. demand 414 per month order cost $20 per order holding cost $4 per unit per year Excel Access
In the Eagle Beer example, we have the following information. Demand is 2,000 cases per week...
In the Eagle Beer example, we have the following information. Demand is 2,000 cases per week Cost of product is $8 per case Holding cost: 18% cost of capital, 7% other costs, applied to unit cost of product Ordering cost: (3/4) hours of labor at $20 per hour, $17 per order other costs Number of operating days: (52 weeks)×(5 days/week) Answer the following question using this information. Use two decimal places in your calculations. Do not round the numbers to...
A manager receives a forecast for next year. Demand is projected to be 528 units for...
A manager receives a forecast for next year. Demand is projected to be 528 units for the first half of the year and 1,020 units for the second half. The monthly holding cost is $2 per unit, and it costs an estimated $55 to process an order. a. Assuming that monthly demand will be level during each of the six-month periods covered by the forecast (e.g., 88 per month for each of the first six months), determine an order size...
Exon Revrew Department of Accounting, Finance & Economics Bowie State University ECON 483 Spring 2018 In-Class Review 1) The annual demand for a product has been projected at 2,000 units. to be constant throughout the year. The ordering cost is $20 per order, and the holding cost is 20 percent of the purchase cost. The purchase cost is $40 per unit. There are 250 working days per year. Currently, the company is ordering 500 units.cach time an order is placed....
) The demand during the lead time is normally distributed with a méan of 40 and a standard deviation of 4. If they have calculated a reorder point of 46.60 units, what service level are they assuming? 9505 Service leve 2) The annual demand for a product has been projected at 2,000 units. This demand is assumed constant throughout the year. The ordering cost is $20 per order, and the holding cost is 20 percent purchase cost. The purchase cost...
menu iterm. The pizza is ordered frozen from a local pizza establishment and baked at the cafeteria. Judith anticipates a weekly demand of 10 pizzas. The cafeteria is open 45 weeks a 4) Judith Thompson is the manager of the student center cafeteria. She is introducing piza year, 5 days a week. The ordering cost is $15 and the holding cost is $0.40 per pizza per year What is the optimal number of pizzas Judith should order? 5) The annual...
The demand for a product is 12,500 units for a three month period. Each unit of product has a purchase price of $15 and ordering costs are $20 per order placed. The annual holding cost of one unit of product is 10% of its purchase price. What is the Economic Order Quantity (to the nearest unit)?
A product has a demand of 374 units per month. Ordering cost is $20, and holding cost is super por you. TheronThe management cost (holding and setup costs only for this product will be per year, demand 374 per month order cost $20 per order holding cost $4 per unit per year Excel Access
4a. A computer company has annual demand of 100,000. They want to determine EOQ for circuit boards which have an annual holding cost (H) of $10/unit, and an ordering cost (S) of $200. What is the EOQ? 2000 4b. A computer company has annual demand of 100,000. They want to determine EOQ for circuit boards which have an annual holding cost (H) of $10/unit, and an ordering cost (S) of $200. What is the total annual inventory cost (setup and...
Transparent Processing System QUESTION 9 A product has a demand of 414 units per month. Ordering cost is $20, and holding cost is $4 per unit per year. The EOQ model is appropriate. The total management cost (holding and setup costs only) for this product will be per year. demand 414 per month order cost $20 per order holding cost $4 per unit per year Excel Access
A manager receives a forecast for next year. Demand is projected to be 528 units for the first half of the year and 1,020 units for the second half. The monthly holding cost is $2 per unit, and it costs an estimated $55 to process an order. a. Assuming that monthly demand will be level during each of the six-month periods covered by the forecast (e.g., 88 per month for each of the first six months), determine an order size...
Most questions answered within 3 hours.
-
The Problem: The Case of the Harmonizing Vacations
Your CEO is exploring partnering with a European...
asked 2 minutes ago -
A chemical equation is balanced by adding coefficients in front
of some formulas so that the...
asked 58 seconds ago -
From the literature (reference your sources): What are the
lattice parameters of calcite and aragonite? Why...
asked 41 minutes ago -
Your system is rejecting the question am asking which is
preceded by a case study. It...
asked 45 minutes ago -
3. On January 2, 2000, Larry creates a trust with himself as
trustee. Larry as trustee...
asked 42 minutes ago -
A member of the volleyball team spikes the ball. During this
process, she changes the velocity...
asked 49 minutes ago -
Are adult gamers less likely to use a gaming console (Xbox,
PlayStation, Wii, etc...) than teen...
asked 1 hour ago -
The University of
Texas recently reported that 43% of college students aged 18-24
would spend their...
asked 1 hour ago -
The length of stay at a specific emergency department in
Phoenix, Arizona, in 2009 had a...
asked 1 hour ago -
. Please give the mechanism for this type of problem. Step by
Step
The toxin that...
asked 1 hour ago -
If you have a 1M stock solution and you want to dilute 1 :10
with water,...
asked 1 hour ago -
In a load instruction, the effective address is obtained by
A) Retriving the address from a...
asked 1 hour ago