Reference no: EM132920164
Questions -
Q1. The Acme Medical Center uses 53,800 pairs of rubber gloves per year, the price of each pair of gloves is $0.25, gloves are sold only in packages of 100 pairs per package, the carrying cost per package is 10%, and the fixed cost of placing an order with the glove supplier is $10. Each time Acme places an order, what size order should they place in order to minimize the total cost of inventory?
Q2. The Acme Medical Center uses 53,800 pairs of rubber gloves per year, the price of each pair of gloves is $0.25, and gloves are sold only in packages of 100 pairs per package. If the EOQ is 50 packages, how many orders for gloves will ACME place per year?
Q3. The Acme Medical Center goes through many pairs of rubber gloves each year. The price of each pair of gloves is $0.25, gloves are sold only in packages of 100 pairs per package, the carrying cost per package is 10%, and the fixed cost of placing an order with the glove supplier is $10. If the EOQ is 50 packages, what is Acme's total inventory cost for rubber gloves?
Q4. The Acme Medical Center uses 53,800 pairs of rubber gloves per year, the price of each pair of gloves is $0.25, gloves are sold only in packages of 100 pairs per package, the carrying cost per package is 10%, and the fixed cost of placing an order with the glove supplier is $10. If it takes 10 days from when an order is placed to when it is received, what is the reorder point?
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