What are lama creations ordering costs

Assignment Help Operation Management
Reference no: EM131454860

LAMA Creations creates sweaters using the wool of the Llama. The wool used in the manufacturing process is ordered by the bundle. LAMA requires 1,200 bundles of Llama wool per year and places orders of 100 bundles at a time. The cost of ordering is $80.00 per order and the carrying cost per bundle is $3.50. What are LAMA Creations' ordering costs?

a) $350.00

b) $480.00

c) $960.00

d) $1,060.00

Reference no: EM131454860

Questions Cloud

How would you describe ambush marketing : Are some products too dangerous to be marketed in any circumstance? What regulations, if any, would you place on marketing cigarettes? Handguns?
Brief description of specific risk management strategies : A brief description of three specific risk management strategies you selected. Then explain how they might reduce risk
Discuss about the electronic health record duplication : As the recently hired Corporate Director of Health Information Management, you have tasked the assignment of creating a much needed policies.
What is the median sales price for existing homes : The National Association of Realtors provided data showing that home sales were the slowest in 10 years (Associated Press, December 24. 2008).
What are lama creations ordering costs : The cost of ordering is $80.00 per order and the carrying cost per bundle is $3.50. What are LAMA Creations' ordering costs?
Operation to become the bottleneck : How much extra capacity can he getwithout causing another operation to become the bottleneck?
Define plea bargaining : Define plea bargaining.Distinguish between charge bargaining and sentence bargaining.Compare and contrast the advantages and disadvantages of plea bargaining
What is minimum forecast for the percent change in the gdp : A panel of economists provided forecasts of the U.S. economy for the first six months of 2007 (The Wall Street Journal. January 2.2007).
Summarize the criminal procedures that occurred in case : Summarize the criminal procedures that occurred in this case, from arrest through appeal, if applicable.What was the crime the defendant was alleged to have.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd