Reference no: EM133050844

Questions -

Q1. Appliance for Less is a local appliance store. It costs this store $27.76 per unit annually for storage, insurance, etc., to hold microwaves in their inventory. Sales this year are anticipated to be 628 units. Each order costs $87. The company is using Economic Order Quantity model in placing the orders. Calculate Economic Order Quantity?

Q2. Super Cheese Company purchases 16,630 boxes of cheese each year. It costs $29 to place and ship each order and $8.30 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. What is the annual ordering cost of the cheese inventory?

Q3. Best Cheese Company purchases 9,994 boxes of cheese each year. It costs $20 to place and ship each order and $8.55 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. What is the annual carrying cost of the cheese inventory?

Q4. Blue Cheese Company purchases 16,763 boxes of cheese each year. It costs $14 to place and ship each order and $9.17 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. How many orders will be placed each year?

Q5. Old Recipe Cheese Company purchases 8,433 boxes of cheese each year. It costs $22 to place and ship each order and $4.08 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. What is the annual total inventory management cost of the cheese inventory?

Q6. Books Depot, a large retailer of books, orders 7,212,857 books per year from its manufacturer. Books Depot plans on ordering books 24 times over the next year. Books Depot receives the same number of books each time it orders. The carrying cost is $0.06 per book per year. The ordering cost is $455 per order. What is the annual total inventory management cost of book inventory?

Q7. Cake Depot, a large retailer of cakes, orders 3,934,314 cakes per year from its manufacturer. Cake Depot plans on ordering cakes 16 times over the next year. Cake Depot receives the same number of cakes each time it orders. The carrying cost is $0.23 per cake per year. The ordering cost is $200 per order. What is the annual carrying cost of cake inventory?