Annually in ordering and carrying costs by using the eoq

Assignment Help Operation Management

Reference no: EM131782217

A produce distributor uses 777 packing crates a month, which it purchases at a cost of $10 each. The manager has assigned an annual carrying cost of 37 percent of the purchase price per crate. Ordering costs are $25. Currently the manager orders once a month. How much could the firm save annually in ordering and carrying costs by using the EOQ? (Round intermediate calculations and final answer to 2 decimal places. Omit the "$" sign in your response.)

Reference no: EM131782217

Questions Cloud

Designing an enhanced lan network for majan hospital : The project interim report should be delivered at the end of the TP1. This should not normally exceed 3,500 words (about 25 pages excluding

Customer-oriented pricing case : Medi-Cult, a biotech company based in Denmark, has developed a new alternative to In Vitro Fertilization (IVF) called In Vitro Maturation

Prepare a multistep income statement : Paid the amount due on its account payable to Smoot Company within the cash discount period. Prepare a multistep income statement

What balanced scorecard exact usage in strategic management : What is the Balanced Scorecard? How do you use a Balanced Scorecard? What is the Balanced Scorecard exact usage in strategic management?

Annually in ordering and carrying costs by using the eoq : How much could the firm save annually in ordering and carrying costs by using the EOQ?

Prepare the journal entry to record income taxes : Southern Atlantic Distributors began operations in January 2016 and purchased a delivery truck for $40,000

What you have learned about deontological frameworks : review the article by Peslak (2005), and reflect on what you have learned about deontological and teleological (consequences focused) frameworks.

Compute the annual cash inflow : The Cleanest Automobile Corporation is contemplating the acquisition of an automatic car wash. Compute the annual cash inflow

Computing the mass of capacitor plate : The micro bridge of Figure is used to evaluate the dynamic viscosity of a fluid by transverse capacitive sensing of the midpoint displacement relative.

User Account

All Pages