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MySchool Notebook Company uses 130,000 pounds of plastic pellets per year in the production of their...
MySchool Notebook Company produces custom 3-ring binders with school logos for high schools in the Midwest. They mold binders in four standard colors and then imprint the school’s logo on a to-order basis. The average daily demand for the base color notebooks is as follows: Green: 240 notebooks/day Blue: 295 notebooks/day Red: 170 notebooks/day Black: 575 notebooks/day MySchool can produce 1,520 notebooks per 24-hour day. It takes 8 hours to setup production for another color at a cost of $440....
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MySchool Notebook Company produces custom 3-ring binders with school logos for high schools in the Midwest. They mold binders in four standard colors and then imprint the school's logo on a to-order basis. The average daily demand for the base color notebooks is as follows: Green 295 notebooks/day Blue 255 notebooks/day Red 260 notebooks/day Black 335 notebooks/day MySchool can produce 1,600 notebooks per 24-hour day. Calculate the utilization of their facility as a...
Question 5 (3 points) MySchool Notebook Company produces custom 3-ring binders with school logos for high schools in the Midwest. They mold binders in four standard colors and then imprint the school's logo on a to-order basis. The average daily demand for the base color notebooks is as follows: Green 290 notebooks/day Blue 260 notebooks/day Red 315 notebooks/day Black 335 notebooks/day MySchool can produce 1,600 notebooks per 24-hour day. Calculate the utilization of their facility as a percentage. Your Answer:...
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....
Barksdale Biscuits is a small manufacturer of gourmet dog biscuits and uses an average of 6,900 pounds of flour per week and works 50 weeks per year. Barksdale buys flour at $0.20/lb delivered. It costs them $85 to process an order. They use 16% of the purchase price for flour to calculate the annual holding cost. Calculate the economic order quantity for flour for Barksdale Biscuits.
Barksdale Biscuits is a small manufacturer of gourmet dog biscuits and uses an average of 7,000 pounds of flour per week and works 50 weeks per year. Barksdale buys flour at $0.20/lb delivered. It costs them $50 to process an order. They use 12% of the purchase price for flour to calculate the annual holding cost. Calculate the economic order quantity for flour for Barksdale Biscuits. Your Answer:
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
QUESTION 3 * EOQ no Points Wicker uses 20.000 units per year of a particular item of inventory purchased for £1. It costs £28 for each order placed with the supplier and the cost of holding a unit of inventory for a year is £1:20. What is: 1. the economic order quantity? 2. the total annual cost of ordering and holding inventories for this business?
The Saugatuck Soda Company uses an average of 2,000 kg of sugar per day in producing its premium soda. Their production facility operate 360 days per year. They purchase sugar at $0.40/kg delivered. It costs Saugatuck $200 to process and order for sugar. They use a factor of 18% of the cost of sugar as the annual holding cost. Calculate the economic order quantity for sugar for Saugatuck Soda.
b) As a contractor to Petronas, East Technology uses 4000 valves for repairing one of Petronas plant every year. These valves are purchased from a supplier 200 km away. The following information is known about the valves Table Q3b: Forecast demand for plastic product Annual demand 4000 Holding cost /valve/vear Order cost/ year RM 9 RM 25 s days Lead time Working days per year 250 Given the above information, calculate i) The economic order quantity (EOQ)? ii) The annual...