21 May WHAT IS THE ANNUAL ORDERING COST OF THE POST CARD INVENTORY.
Homework 8C
Question 1 1
/ 1 point
Cheeseburger and Taco Company purchases 5,064 boxes of
cheese each year. It costs $26 to place and ship each order and $7.18 per year
for each box held as inventory. The company is using Economic Order Quantity
model in placing the orders.
Calculate Economic
Order Quantity.
Round the answer to the whole number.
Question 2 1
/ 1 point
Cheeseburger and Taco Company purchases 9,206 boxes of
cheese each year. It costs $23 to place and ship each order and $7.35 per year
for each box held as inventory. The company is using Economic Order Quantity model
in placing the orders.
What is the average
inventory held during the year?
Round the answer to the whole number
Question 3 1
/ 1 point
Cheesburger and Taco Company purchases 8,662 boxes of cheese
each year. It costs $17 to place and ship each order and $5.84 per year for
each box held as inventory. The company is using Economic Order Quantity model
in placing the orders.
How many orders will
be placed each year? Round the answer to the whole number
Question 4 1
/ 1 point
Cheeseburger and Taco Company purchases 13,299 boxes of
cheese each year. It costs $30 to place and ship each order and $6.68 per year
for each box held as inventory. The company is using Economic Order Quantity
model in placing the orders.
What is the annual carrying costs of post card inventory.
Round the answer to two decimals.
Question 5 1
/ 1 point
Cheeseburger and Taco Company purchases 6,541 boxes of
cheese each year. It costs $26 to place and ship each order and $7.23 per year
for each box held as inventory. The company is using Economic Order Quantity
model in placing the orders.
What is the annual ordering cost of the post card inventory.
Round the answer to two decimas.
Question 6 1
/ 1 point
Cheeseburger and Taco Company purchases 14,145 boxes of
cheese each year. It costs $11 to place and ship each order and $9.59 per year
for each box held as inventory. The company is using Economic Order Quantity
model in placing the orders.
What is the annual total costs of post card inventory.
Round the answer to two decimals.
Question 7 1
/ 1 point
Appliance for Less is a local appliance store. It costs this
store $27.34 per unit annually for storage, insurance, etc., to hold microwave
in their inventory. Sales this year are anticipated to be 401 units. Each order
costs $71. The company is using Economic Order Quantity model in placing the
orders.
It takes
approximately 2 day(s) to receive an order after it has been placed. If the
store insists on a 4 day(s) safety stock (assume 365-days a year), what should
the inventory level be when a new order is placed?
(Round the answer to the whole number)
Question 8 1
/ 1 point
Appliance for Less is a local appliance store. It costs this
store $21.55 per unit annually for storage, insurance, etc., to hold microwave
in their inventory. Sales this year are anticipated to be 616 units. Each order
costs $91. The company is using Economic Order Quantity model in placing the
orders.
What is the average inventory held during the year including
safety stock if the store insists on a 1 days safety stock (assume 365 days a
year)?
(Round the answer to
the whole number)
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