Question

Need answers ASAP!!!!!! Joe​ Henry's machine shop uses 2 comma 550 brackets during the course of...

Need answers ASAP!!!!!! Joe​ Henry's machine shop uses 2 comma 550 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the​ brackets: Annual demand 2 comma 550 Holding cost per bracket per year $ 1.60 Order cost per order $ 18.75 Lead time 2 days Working days per year 250 ​a) What is the​ EOQ? units ​(round your response to two decimal​ places). ​b) What is the average inventory if the EOQ is​ used? nothing units ​(round your response to two decimal​ places). What would be the annual inventory holding​ cost? ​$ nothing ​(round your response to two decimal​ places). ​c) Given the​ EOQ, how many orders will be made​ annually? nothing orders ​(round your response to two decimal​ places). What would be the annual order​ cost? ​$ nothing ​(round your response to two decimal​ places). ​d) Given the​ EOQ, what is the total annual cost of managing​ (ordering and​ holding) the​ inventory? ​$ nothing ​(round your response to two decimal​ places). ​e) What is the time between​ orders? nothing days ​(round your response to two decimal​ places). ​f) What is the reorder point​ (ROP)? nothing units ​(round your response to two decimal​ places).

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Ross White’s machine shop uses 2,500 brackets during the course of a year, and this usage...
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 the EOQ? (b) Given the...
Antonio White’s machine shop uses 3,500 brackets during the course of a year. These brackets are...
Antonio White’s machine shop uses 3,500 brackets during the course of a year. These brackets are purchased from a supplier 80 miles away. The following information is known about the brackets: Annual demand: 3,500 Holding cost per bracket per year: $1.45 Order cost per order: $15.50 Lead time: 2 days Working days per year 260 Given the above information, what would be the economic order quantity (EOQ)? Given the EOQ, what would be the average inventory? What would be the...
Ross White’s machine shop uses 2500 brackets during the course of a year, and this usage...
Ross White’s machine shop uses 2500 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 300 working days per year. 1. Develop a total cost model for this...
Ross Whites machine shop uses 2,500 brackets during the course of a year, and this usage...
Ross Whites machine shop uses 2,500 brackets during the course of a year, and this usage is relatively constant throughout the year. Ross White is considering making the brackets in-house. He has determined that setup costs would be $180 in machinist time and lost production time, and 100 brackets could be produced in a day once the machine has been set up. Ross estimates that the cost (including labor time and materials) of producing one bracket would be $10. The...
ASAP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Race One Motors is an Indonesian car manufacturer. At its largest manufacturing​ facility, in​ Jakarta,...
ASAP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Race One Motors is an Indonesian car manufacturer. At its largest manufacturing​ facility, in​ Jakarta, the company produces subcomponents at a rate of 315 per​ day, and it uses these subcomponents at a rate of 12 comma 600 per year​ (of 250 working​ days). Holding costs are ​$2 per item per​ year, and ordering costs are ​$31 per order. ​a) What is the economic production​ quantity? nothing units ​(round your response to two decimal​ places). ​b) How many production...
The ASU maintenance department used 600 brackets during the course of a year. The brackets are...
The ASU maintenance department used 600 brackets during the course of a year. The brackets are purchased from a supplier in Asheville. These brackets cost $18 apiece to purchase. The inventory holding coat as a percentage of cost that ASU uses for their accountants is 16%. Based on the number of orders that are placed each year, the cost of placing an order is $45. The supplier can get the brackets to ASU 3 days after receiving the order. The...
Need It ASAP!!!!! Wang Distributors has an annual demand for an airport metal detector of 1...
Need It ASAP!!!!! Wang Distributors has an annual demand for an airport metal detector of 1 comma 400 units. The cost of a typical detector to Wang is ​$400. Carrying cost is estimated to be 18​% of the unit​ cost, and the ordering cost is ​$27 per order. If Ping​ Wang, the​ owner, orders in quantities of 300 or​ more, he can get a 7​% discount on the cost of the detectors. Should Wang take the quantity​ discount? What is...
sam's cat hotel operates 52 weeks per year, 6 days, and uses a continuous review inventory...
sam's cat hotel operates 52 weeks per year, 6 days, and uses a continuous review inventory system. It purchases kitty litter for $11 per bag   The following information is available about these​ bags: -Demand: 95 bags (a week) -Order cost: $52.00 per order - Annual Holding Cost: 40 percent - Desired ​cycle-service level: 80 percent -lead time= 5 days (30 working days) - Standard Deviation of weekly demand= 15 bags - Current On-hand Inventory is 320 days with no open orders...
Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with...
Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest-moving inventory item has a demand of 5,950 units per year. The cost of each unit is $104, and the inventory carrying cost is $11 per unit per year. The average ordering cost is $29 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 119 units. (This is a...
Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the...
Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 305 per day, and it uses these subcomponents at a rate of 12,200 per year (of 250 working days). Holding costs are $33 per item per year, and ordering costs are $29 per order. a) What is the economic production quantity? (round your response to two decimal? places). b) How many production runs per year will be...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT