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A manager just received a new price list from a supplier. It will now cost $1.00 a box for order quantities of 801 or more boxes, $1.10 a box for 200 to 800 boxes, and $1.20 a box for smaller quantities. Ordering cost is $82 per order and carrying costs are $10 per box a year. The firm uses 3,650 boxes a year. The manager has suggested a "round number" order size of 800 boxes. The manager's rationale is that with a U-shaped cost curve that is fairly flat at its minimum, the difference in total annual cost between 800 and 801 units would be small anyway. What order size would you recommend? (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number.)
Cost management processes are involved in estimating, budgeting and controlling costs so that the project can be completed within the approved budget.
1. Custom Computers, Inc. assembles custom home computer systems. The fan assemblies needed are bought for $24 each and are ordered in quantities of 1500 units. Annual demand is 75
You punch multiple parts from a sheet of Aluminium. The sheet is a 1728 square-inches rectangle and you get 18 parts that are 70 square-inches each. The machine is old so you inclu
Explain how process technology is chosen for an operation.
The demand for a product for the past 30 periods is shown below. Determine the reorder point, R, and order-up-to-level, S, for this product for the next 6 periods (periods 31-36).
any real problem may be self problem apply the system approach model to develop the appropriate solution for this problem
Instructors recommended to conduct training in management
Explain procedure of job evaluation. Procedure of Job Evaluation: The procedure for job evaluation is as specified below: (i) Know the jobs to evaluate. (ii) Selec
Norms are the unwritten rules that specify appropriate and expected behaviour in teams. Which of the following statements is most true about norms in a team? a. It is best to not i
What are activities that are carried out at a national union convention, and why does this type of venue allow for the Democratic process to have an opportunity of working?
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