Wilderton Inc. sells 1,000 riveting machines per year. The cost of placing one order is $120,...
Wilderton Inc. sells 1,000 riveting machines per year. The cost of placing one order is $120, and it costs $40 per year to carry a riveting machine in inventory. What is the annual total cost of ordering and carrying riveting machines assuming that Wilderton orders at the optimal EOQ level, rounded up to the next whole number? (e.g. if the EOQ is 43.4 round it to 44 when computing total cost) (Enter your answer as a decimal accurate to two decimal places)
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Wilderton Inc. sells 1,000 riveting machines per year. The cost
of placing one order is $120,...
Suppose General Surplus Corporation sells personal copying machines at the rate of 1000 units per year....
Suppose General Surplus Corporation sells personal copying machines at the rate of 1000 units per year. The cost of placing one order is $180, and it costs $100 per year to carry a copier in inventory. Which of the below statements is false? Group of answer choices The number of orders per year is 17 (rounded to the nearest integer), and the time interval between orders is 22 days (rounded to the nearest integer) . The average inventory is 30...
Economic Order Quantity Melchar Company uses 116,694.80 pounds of oats each year. The cost of placing...
Economic Order Quantity Melchar Company uses 116,694.80 pounds of oats each year. The cost of placing an order is $15, and the carrying cost for one pound of oats is $0.51. Required: 1. Compute the economic order quantity for oats. If required, round your answer to the nearest whole number. pounds 2. Compute the carrying and ordering costs for the EOQ. If required, round your answers to the nearest cent. Carrying cost Ordering cost
At Dot Com, a large retailer of popular books, demand is constant at 34,000 books per year. The cost of placing an ord...
At Dot Com, a large retailer of popular books, demand is constant at 34,000 books per year. The cost of placing an order to replenish stock is $5, and the annual cost of holding is $2.00 per book. Stock is received 15 working days after an order has been placed. No backordering is allowed. Assume 325 working days a year. a. Dot Com's optimal order quantity is 1130 books. (Enter your response rounded to the nearest whole number.) b. The...
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....
Rudd Company uses 40,000 micro-chips each year in its production of digital cameras. The of placing...
Rudd Company uses 40,000 micro-chips each year in its production of digital cameras. The of placing an order is $75. The cost of holding one unit of inventory for one year is $8. Currenty Rudd places 20 orders of 2,000 units per order. cost Compute: (a) The annual ordering cost. (2 marks) (2 marks) (2 marks) (2 marks) (b) The annual carrying cost. (c) The total cost of Rudd's current inventory policy. (d) The economic order quantity. (e) The order...
Data Table Annual demand for denim cloth 40,700 yards Ordering cost per purchase order $185 Carrying...
Data Table Annual demand for denim cloth 40,700 yards Ordering cost per purchase order $185 Carrying cost per year 10% of purchase costs Safety-stock requirements None Cost of denim cloth $11 per yard The purchasing lead time is 2 weeks. The Fabric World is open 220 days a year (44 weeks for 5 days a week). The Fabric World sells fabrics to a wide range of industrial and consumer users. One of the products it carries is denim cloth, used...
Rocky Mountain Tire Center sells 13,000 gocart tires per year. The ordering cost for each order...
Rocky Mountain Tire Center sells 13,000 gocart tires per year. The ordering cost for each order is $35, and the holding cost is 50% of the purchase price of the tires per year. The purchase price is $25 per tire if fewer than 200 tires are ordered, $18 per tire if 200 or more, but fewer than 5,000, tires are ordered, and $14 per tire if 5,000 or more tires are ordered. a) How many tires should Rocky Mountain order...
ABC Company sells 19,996 chairs a year at an average price per chair of $13.26. The...
ABC Company sells 19,996 chairs a year at an average price per chair of $13.26. The carrying cost per unit is $9.88. The company orders 108 chairs at a time and has a fixed order cost of $68.78 per order. The chairs are sold out before they are restocked. What are the total costs if the company orders the optimal quantity (Economic Order Quantity)? Enter your answer rounded off to two decimal points. Do not enter comma or $ in...
Rocky Mountain Tire Center sells 13,000 go-cart tires per year. The ordering cost for each order...
Rocky Mountain Tire Center sells 13,000 go-cart tires per year. The ordering cost for each order is $40, and the holding cost is 50% of the purchase price of the tires per year. The purchase price is $26 per tire if fewer than 200 tires are ordered, $16 per tire if 200 or more, but fewer than 5,000, tires are ordered, and $13 per tire if 5,000 or more tires are ordered. a) How many tires should Rocky Mountain order...
A mail-order house uses 16,260 boxes a year. Carrying costs are 60 cents per box a...
A mail-order house uses 16,260 boxes a year. Carrying costs are 60 cents per box a year, and ordering costs are $96. The following price schedule applies. Number of Boxes Price per Box 1,000 to 1,999 $1.25 2,000 to 4,999 1.20 5,000 to 9,999 1.15 10,000 or more 1.10 a. Determine the optimal order quantity. (Round your answer to the nearest whole number.) Optimal order quantity boxes b. Determine the number of orders per year. (Round...
Economic Order Quantity Melchar Company uses 116,694.80 pounds of oats each year. The cost of placing an order is $15, and the carrying cost for one pound of oats is $0.51. Required: 1. Compute the economic order quantity for oats. If required, round your answer to the nearest whole number. pounds 2. Compute the carrying and ordering costs for the EOQ. If required, round your answers to the nearest cent. Carrying cost Ordering cost
At Dot Com, a large retailer of popular books, demand is constant at 34,000 books per year. The cost of placing an order to replenish stock is $5, and the annual cost of holding is $2.00 per book. Stock is received 15 working days after an order has been placed. No backordering is allowed. Assume 325 working days a year. a. Dot Com's optimal order quantity is 1130 books. (Enter your response rounded to the nearest whole number.) b. The...
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....
Rudd Company uses 40,000 micro-chips each year in its production of digital cameras. The of placing an order is $75. The cost of holding one unit of inventory for one year is $8. Currenty Rudd places 20 orders of 2,000 units per order. cost Compute: (a) The annual ordering cost. (2 marks) (2 marks) (2 marks) (2 marks) (b) The annual carrying cost. (c) The total cost of Rudd's current inventory policy. (d) The economic order quantity. (e) The order...
Data Table Annual demand for denim cloth 40,700 yards Ordering cost per purchase order $185 Carrying cost per year 10% of purchase costs Safety-stock requirements None Cost of denim cloth $11 per yard The purchasing lead time is 2 weeks. The Fabric World is open 220 days a year (44 weeks for 5 days a week). The Fabric World sells fabrics to a wide range of industrial and consumer users. One of the products it carries is denim cloth, used...
Rocky Mountain Tire Center sells 13,000 go-cart tires per year. The ordering cost for each order is $40, and the holding cost is 50% of the purchase price of the tires per year. The purchase price is $26 per tire if fewer than 200 tires are ordered, $16 per tire if 200 or more, but fewer than 5,000, tires are ordered, and $13 per tire if 5,000 or more tires are ordered. a) How many tires should Rocky Mountain order...
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