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A particular raw material is available to a company at three different prices, depending on the size of the order
Less than 100 pounds $ 25 per pound
100 pounds to 2,999 pounds $ 24 per pound
3,000 pounds or more $ 23 per pound
The cost to place an order is $60. Annual demand is 3,100 units. Holding (or carrying) cost is 20 percent of the material price.
What is the economic order quantity to buy each time, and its total cost? (Round your answers to the nearest whole number.)
Economic order quantity _____ pounds
Total cost $ _______
Cakes baked by The Charm City Bakery are transported from the ovens to be packaged by one of five wrappers. Each wrapper can wrap an average of 35 cakes per hour. The cakes are brought to the wrappers at the rate of 160 per hour. Assuming it is a mul..
Discuss the problems posed by commercial piracy. Explain how an international strategy would take this into account and address it.
A county government must reduce spending it wishes to eliminate incremental budgeting and align budget allocations with each of its unit's strategic business objectives. how can the county apply data analytic approaches to attain this goal?
When setting prices, business owners should automatically match or beat the competitors. Non-price competition is using personal service, free delivery, and other extras to attract and keep customers without changing prices.
What critical errors do you see in the initial planning phase of the Clean-Air Carpet Cleaning Company. What economic factors do you think Susan, Frank, and Jimmy should have included in their plans for the Clean-Air Carpet Cleaning Company
Discuss what attributes/qualities/skills that an operations manager has to have in this role (operations manager) to be effective and successful in the organization.
A manufacturing process has a fixed cost of $150,000 per month. Each unit of product being produced contains $25 worth of material and takes $45 of labor. How many units are needed to break even if each completed unit has a value of $90?
Pick a country of your choice and demonstrate what type of legal or political information you would have to collect to be able to advertise a product within the country. You may pick any kind of product for your example and you may consider any media..
What are some ethical issues in developing descriptive statistics, especially how measures of central tendency and dispersion can be misleading. What can be done to deal properly with these issues?
Sam orally agrees to pay Lorena to plant and harvest a quarter of Sam’s farm acreage for four soybean seasons. After Lorena prepares the land and plants the first crop, Sam says that their deal is off. Can Lorena recover? Using what theory? Explain..
When a teacher discovered the cameras, he sued. In 600 words, were the privacy rights of the teachers violated? (Helisek v. Dearborn Public Schools, 2008 U.S. Dist. LEXIS 25514 [E.D. Mich.])
The cost to manufacture a product is proportional to the quantity produced, with a cost of $90000 dollars per day when 300 items are produced. The cost to store n items is proportional to the square of n, with a daily storage cost of $720 dollars whe..
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