A company stocks an item that is consumed at the rate of 30 units each day. Every time an order is placed for new supply, $ 120 must be paid. A unit inventory held in stock for one week will cost $ 0.14. What is the economic order quantity (EOQ)?  What is the cycle time for the EOQ?  What is the total annual cost for the EOQ?

Q: Martin company uses 625 units of a part each year. The cost of placing one order is $8; the cost of…

A: Economic order Quantity (EOQ) = [(2*Annual Demand * Set up cost)/Carrying cost]

Q: How much would be the number of orders to be placed in a year? *

A:

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A:

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Q: es 250 day

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A: Inventory refers to the stock that the company has held for the resale purpose or the goods that are…

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A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

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A: We need to use economic order quantity(EOQ) formula to calculate order size to minimize inventory…

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A: a) Carolina's Monthly order quantity = (300*0.15)+(400*0.25)+(500*0.35)+(600*0.25) = 45+100+175+150…

Q: Determine the ordering, handling, and total inventory costs for the EOQ

A: Hi student Since there are multiple requirements, we will answer only first three requirements.

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A: EOQ (Economic Order Quantity):-EOQ is the minimum order quantity that one should order to minimize…

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A: Inventory level at which business should place order is known as reorder point in business.

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A: Lead Time is equal to time gap between placement of order & receiving the Material. When Lead…

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A: The conceptual formula used:

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A: Level of inventory at which business should place order for the inventory is known as Reorder point.

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A: The question is related to total cost of inventory per month. Before we proceeds we have to…

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A: Ordering Cost is a type of expenditure used in computation of Economic Order Quantity (EOQ). It…

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A: a.Calculation of EOQ:

Q: pioneer limited purchased a product which has a steady monthly demand of 20 000 units. the product…

A: SOLUTION- FORMULA- ECONOMIC ORDER QUANTITY= 2×A××O/C A= ANNUAL DEMAND…

Q: how many weeks are there between each optimal order quantity?

A: Economic Order Quantity (EOQ) is the inventory level at which the company is able to minimize the…

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A: Economic order quantity: Economic order quantity is the method that helps to determine the best…

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A: Correct option is as fallows  Re order point = average daily sales × lead time + safety stock

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A: Economic Order Quantity = [(2 X Annual Demand X Ordering cost per order/ Carrying cost per unit per…

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A: In order to minimise the total inventory costs that includes ordering costs and inventory holding…

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A: Solution:- Carrying cost of inventory means the cost incurred in order to store the inventory.

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A: Following is the answer to the given question

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A: Per unit carrying cost=20%×$50=$10

Q: Customers at furniture store demand an average of 6,000 bookcases per year. Each time an order is…

A: The economic order quantity is the best order quantity for a corporation to purchase in order to…

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A: Total demand over six months = 180 + 220 + 210 + 190 + 170 + 210 = 1180 Beginning inventory = 100…

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A: Economic order quantity (EOQ) is the ideal order quantity a company should purchase to minimize…

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A:

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