16) What is the annual ordering cost if Talbot orders using the EOQ quantity? A) less than or equal to $1,000 B) greater than $1,000 but less than or equal to $2,500 C) greater than $2,500 but less than or equal to $4,000 D) greater than $4,000
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- K Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,300 flashing lights per year and has the capability of producing 100 per day Setting up the light production costs $48. The cost of each light is $1.05 The holding cost is $0.15 per light per year a) What is the optimal size of the production run? units (round your response to the nearest whole number).The Talbot Company uses electrical assemblies to produce an array of small appliances. One of its high cost/high volume assemblies, the XO-01, has an estimated annual demand of 8,000 units. Talbot estimates the cost to place an order is $50, and the holding cost for each assembly is $20 per year. The company operates 250 days per year. 14) What is the economic order quantity for the XO-01? A) less than or equal to 100 units B) greater than 100 units but less than or equal to 180 units C) greater than 180 units but less than or equal to 250 units D) greater than 250 units 15) What is the annual inventory holding cost if Talbot orders using the EOQ quantity? A) less than or equal to $1,500 B) greater than $1,500 but less than or equal to $4,000 C) greater than $4,000 but less than or equal to $6,500 D) greater than $6,500Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,300 flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $48. The cost of each light is $1.05. The holding cost is $0.15 per light per year a) What is the optimal size of the production run? 3653 units (round your response to the nearest whole number). b) What is the average holding cost per year? $ 161.65 (round your response to two decimal places) c) What is the average setup cost per year? $ 161.62 (round your response to two decimal places). d) What is the total cost per year, including the cost of the lights? $ (round your response to two decimal places).
- The Talbot Company uses electrical assemblies to produce an array of small appliances. One of the assemblies, the XO-01, has an estimated annual demand of 11,000 units. The cost to place an order for these assemblies is $500, and the holding cost for each assembly unit is approximately $20 per year. The company has 320 workdays per year. What is the economic order quantity (EOQ) for the XO-01? (Round your answer to the nearest whole unit.) The EOQ is units. What is the annual inventory holding cost of the XO-01 if Talbot Co. uses the EOQ for orders? (Round your answer to the nearest cent, i.e., two decimal places.) The annual inventory holding cost is $ per year. If they use the EOQ for orders, what is the cycle length (time between orders) for the XO-01? (Round your answer to the nearest whole number of workdays.) The cycle length is workdays. Q MacBook Pro 5+ Time Remaining: 00:19:58 A + NextFrety Limited sells therapeutic foam rollers for $55, and expects the demand for this product to be constant at 142 units per week. The foam rollers are ordered from a supplier at a price of $39, and each order takes three weeks to supply the product from the date that Frety Limited places an order. The business holds 130 units of the product as a safety buffer at all times. The cost of capital is 10%. At what level of inventory (in units) should the business reorder the foam rollers?Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,300 flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $48. The cost of each light is $1.05. The holding cost is $0.15 per light per year. a) What is the optimal size of the production run? units (round your response to the nearest whole number).
- Dream Resorts buys custom - made boxes in bulkand uses them to pack its wine, which it bottles and sells in its on - location Restaurant/ Wine shop. The annual requirement of these boxes is 1200 and each box costs $30. The ordering and carrying costs are $10 per order and 20%, respectively. The supplier from whom Dream Resorts purchases these boxes sells them only in lots of 20, that is, you only purchase quantities in multiples of 20 boxes. Required: a) How many boxes should the confectioner order so as to minimise inventory total stocking costs? b) If the supplier offers 2% discount on the cost of each box when the purchases are in quantities of 300 at a time, should the confectionewr accept this offer? c) Suppose the supplier has decided that instead of the 2% discount offer, a price reduction of $0.25 will be used for the order quantities as shown in Table Q1: Table Q1 Order quantity Cost per box Less than 100 $30.00 100 to 199 $29.75 200 or more $29.50 What order…William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: a) The EOQ for the workbooks is (round your response to the nearest whole number). b) What are the annual holding costs for the workbooks? $ (round your response to the nearest whole number). c) What are the annual ordering costs? $, (round your response to the nearest whole number). William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: Demand D Ordering cost S Holding cost H 20,000 units/year $26/order $4/unit/year a) The EOQ for the workbooks is (round your response to the nearest whole number). b) What are the annual holding costs for the workbooks? $☐ (round your response to the nearest whole number). c) What are the annual ordering costs? $ (round your response to the nearest whole number).Wang Distributors has an annual demand for an airport metal detector of 1,421 units. The regular cost of a detector for Wang is $363. The storage cost is estimated to be 20% of the unit cost, and the cost of placing each order is $25. If Mr. Wang, the owner, orders quantities of 300 or more, the cost of one detector will be $365. Wang Distributors has a year of 250 business days. When a new order of detectors is made, the supplier takes 3 days to deliver it. Show your work. 1. What inventory management model should we use to solve this problem? Model Economic Quantity to Produce Model Economic Quantity to Order Model to handle dependent demand Model for discount purchases 2. What is the optimal quantity of detectors that should be made in each order if purchased at full price? Response 3. What is the optimal quantity of detectors that should be made in each order if purchased at a discount price? Response 4. After validating the quantity of detectors that should be made in each order…
- Alpha retail store predicts an annual demand of 4920 kgs of a food product. It costs RO 100 to make and receive an order, and it takes 12 workdays to receive it. The annual holding cost is 20 % of purchase price. The price RO 2 per kg. The company is operating 6 workdays per week in a 52-week year. What is the expected time (in days) between orders? Round-up to the nearest integer O a. 100 Ob. 111 None is correct O d. 115 O e. 185 S PAGE NEXT PAGE MAG241C 1500R 144 SURVED EO GAMING MONITORWilliam Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: a) The EOQ for the workbooks is (round your response to the nearest whole number). b) What are the annual holding costs for the workbooks? $ (round your response to the nearest whole number). c) What are the annual ordering costs? $ (round your response to the nearest whole number). Demand D Ordering cost S Holding cost H 19,300 units/year $24/order $4/unit/yearWalmart experiences a demand of 5 units per day for its LED TVs. The lead time for re-stocking LED TVs is 10 days. What is the Re-Order Point? (Assume that the demand and lead time are known with certainty, that is, they are not uncertain) 50 units 2 units 50 days 2 days