Reference no: EM132720911
A large bakery buys flour in 25 kg bags. The bakery uses an average of 4,860 bags a year. Preparing an order, receiving the shipment, and paying the invoice costs $10 per order. Annual holding cost is $5 per flour bag.
a. Determine the economic order quantity. (Round the final answer to the nearest whole number.)
EOQ
b. What is the average number of bags on hand (i.e., average cycle inventory)? if EOQ is used? (Round intermediate calculations. Round the final answer to 1 decimal place.)
Average number of bags on hand
c. How many orders per year will there be if EOQ is used? (Round the final answer to the nearest whole number.)
Orders per year
d. Calculate the total annual cost of ordering and holding flour for EOQ. (Do not round intermediate calculations. Round the final answer to 2 decimal places.)
Total annual cost $
e. If ordering cost were to increase by 50 percent per order, by what percentage would the EOQ change? (Round intermediate calculations. Round the final answer to the nearest whole number.)
Percentage change %
|
Prepare a bank reconciliation as of november
: Check No. 523 written to a creditor in the amount of $372.90 was recorded in the books as $327.90. Prepare a bank reconciliation as of November 30
|
|
Explaining the various types of biological agents
: You have been asked to create a handbook explaining the various types of biological agents employees may have contact with in the workplace
|
|
Approximate values for safety stock and rop
: The lead time is 9 days, Q = 500 units, and the lead time service level is 90%. What are approximate values for safety stock and the ROP?
|
|
Theories are derived from conceptual models
: Theories are derived from conceptual models and are comprised of concepts and propositions
|
|
Calculate the total annual cost of ordering
: A large bakery buys flour in 25 kg bags. The bakery uses an average of 4,860 bags a year. Preparing an order, receiving the shipment, and paying
|
|
Prepare a bank reconciliation as of October
: The book balance in the checking account of Johnson Enterprises as of October 31 is $5,718. Prepare a bank reconciliation as of October 31, 20--
|
|
Discuss what is the company market penetration strategy
: Discuss What is the company's market penetration strategy (intensive, selective, etc.), and how do the channels being used reflect that strategy?
|
|
Develop in writing course comprehensive project
: Develop in researching and writing course. Discuss the similarities and differences between shareholder wealth minimization and stakeholder wealth maximization.
|
|
What is the utilization of the receptionist
: The local driver's license center processes applications for driver's license renewals through the following three steps. First, the customer registers
|