Reference no: EM132567310
Imtiaz Super Store sells Blue Band Margarines. Its annual demand is 108,500 units. The shop incurs ordering cost of Rs 650/= order, irrespective of the order size. They buy it at Rs 150 per unit. The carrying cost is 12% on average inventory investment plus rent, insurance, property tax, and supervision for each unit is Rs 3. The maximum sale per day is 360 units. It takes 5 days to receive these items from supplier after placement of order quantities. The annual working days of Store are 350 days.
Required:
Question i). Determine the Economic order quantities (EOQ)
Question ii). Determine Safety stock maximum.
Question iii). Determine Reorder point levels
Question iv). Total annual inventory cost (Total annual ordering cost and total annual carrying cost)
Question v). A Supplier offers 1% discount to Imtiaz Supper Store, if they purchase the goods at least at 10,000 units at a time instead of above EOQ level (Part-i). Should they accept this offer? Please advice to management with relevant comparative workings.
Question vi). Why Economic order quantities may be wrong some time for any particular item to purchase in a given situation?
Define joint products and by-products
: Define joint products and by-products. Also give logical justification to treat any one of joint products as a By-product. Compute total cost and unit cost
|
Question in geometric optics
: Please answer the following parts of the question in geometric optics. Please show all your work, diagrams, labels, explain reasoning for all parts (a-d)
|
Make a schedule showing total labor cost for each worker
: Make A schedule showing total labor cost for each worker, labor cost per unit for each worker, and total labor cost for Camp shaft Plant in the month of March
|
Find the current flowing through zener
: If reverse saturation current Ix of a diode is 0.1µA at 25°C, find its current at VD=-5V using diode current equation - Find the current flowing through zener
|
Determine the economic order quantities
: Determine Safety stock maximum. Determine the Economic order quantities. Imtiaz Super Store sells Blue Band Margarines. Its annual demand is 108,500 units.
|
Write complete and systematic solutions
: Write COMPLETE and SYSTEMATIC solutions. Express all final answers in TWO decimal places. ENCLOSE all final answers in a BOX.
|
Create the cost of production report for department
: Create the Cost of Production Report for Department: 1 for the month of May, 2020, if company uses "Weighted Average costing system".
|
Determine safety stock maximum
: Why Economic order quantities may be wrong some time for any particular item to purchase in a given situation? Determine Safety stock maximum.
|
Manufacturing a cylindrical container of uniform thickness
: State two factors that should be controlled in manufacturing a cylindrical container of uniform thickness, which should normally be in standing position.
|