Ross White's machine shop uses 2,500 brackets during the course of a year, and this usage is relatively constant throughout the year. These brackets are purchased from a supplier 100 miles away for $15 each, and the lead time is 2 days. The holding cost per bracket per year is $1.50 (or 10% of the unit cost) and the ordering cost per order is $18.75.
There are 250 working days per year.
a) What is EOQ?
b) Given the EOQ, what is the average inventory? What is the annual inventory holding cost?
c) In minimizing cost, how many orders would be made each year? What would be the annual ording cost?
d) Given the EOQ, what is the total annual inventory cost (including purchase cost) ?
e) What is the time between ordes?
f) What is the ROP?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Ross White's machine shop uses 2,500 brackets during the course of a year, and this usage is relatively constant throughout the year. These ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The manufacturing costs of Calico Industries for three months of the year are provided below. Total Cost Production Units April $120,000 280,000 May 74,000 165,000 June 90,900 230,000 Using the high-low method, the variable cost per unit and the
Answers (1)
Which of the following refers to documents that specify the conditions under which an exchange is to occur and detail the rights and obligations of the parties involved? A) minutes. B) white papers. C) contracts. D) memoranda. E) manifestoes.
Answers (1)
Compute the takt time for a system where the total time per shift is 410 minutes, there is one shift, and workers are given 3 14-minute breaks and 40 minutes for lunch. daily demand is 357 units.
Answers (1)
The public debt typically increases during recessions due to:
Answers (1)
Assume that Delalo, Inc. is operating at full capacity. Also assume that assets, costs, and current liabilities vary directly with sales. The dividend payout ratio is constant. What is the external financing needed if sales increase by 10 percent?
Answers (2)
New Questions in Business
Aside from an associates degree, What else can you earn a two year college?
Answers (1)
Mark can produce 20 baseballs in a month and katie can produce 25 baseballs in a month. also, mark can produce 10 bats in a month and katie can produce 15 bats in a month. what is katie's opportunity cost of producing 30 bats?
Answers (1)
The income statement approach to calculating bad debt expense should not be used if it results in a carrying value of accounts receivable that is materially different from what would be obtained under a balance sheet approach. a. trueb. false
Answers (1)
Independent business owners who approach attorneys for resolving their business-related disputes are referred to as counsel.
Answers (1)
Alexander has not yet attended college. He is filling out a job application that asks him to enter the name of his college. What should he enter? N/A The name of his high school The college he wants to attend TBD
Answers (2)