Accounting-inventory management

Assignment Help Advanced Statistics

Reference no: EM13114982

The Acme Grocery store started a Coupons Instantly program. It requires a debit card with a minimum of $300, so the customer can buy as many coupons as they want. As a promotional gimic they are offering pens. The pens ase given away to new coupon holders. The additional pens needed have become a problem for inventory. The manager estimates:

D=700 pens per year

HC=$4 per pen per year

OC = $30 per order

a. How many pens should the manager order at one time?>

b. For thwe optimal order quantity, figure out the total inventory cost for the year.

Jennifer thinks she sells 800 pairs of shoes annually. Estimated HC is 30 per pair, and OC is $20/order.

a. What is total inventory cost/year?

b. How many orders are there(#of orders)?

c. What is optimal order quantity?

d. Graphically show inventory pattern.

Reference no: EM13114982

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