ANT Infra orders two kinds of precast items: A and B for use in its projects  from two different suppliers. The precasts are needed throughout the entire  52-week year. Precast A are used at a relatively constant rate and are  ordered whenever the remaining quantity drops to the reorder level. While,  precast B is ordered from a supplier who delivers by every three weeks.  Data for both precast items are as follows: Item  Precast A  Precast B Annual demand 10,000 5,000 Holding cost (% of item  cost) 20% 20% Order cost $150   $25 Lead time 4 weeks  1 week Safety stock 55 units  5 units Item cost $10.00  $2.00 a. Employ Q system for precast A and calculate the EOQ, the reorder  point, total inventory cost?  b. Employ P system for precast B and estimate the target level inventory  and total inventory cost?

Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every two weeks. Data for both products are as follows: ITEM TEGDIW WIDGET Annual demand   7,000     10,000   Holding cost (% of item cost)   30 %   30 % Setup or order cost $ 190.00   $ 10.00   Lead time   7 weeks   2 week Safety stock   45 units   9 units Item cost $ 5   $ 6     a. What is the reorder quantity and reorder point for Tegdiws? (Round your answers to the nearest whole number.)     b. What is the inventory control system for Widgets? (Round your answer to the nearest whole number.)   Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer…

The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. She knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 per day to carry a kilogram of resin in inventory. She also knows that the order costs for resin are $100 per order, and that the lead time for delivery is four days. If the order size was 1,000 kilograms of resin, what would be the average inventory level?

Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates sales of 58,800 units per year, an ordering cost of $4 per order, and carrying costs of $1.50 per unit. In the second year, Fisk Corporation finds that it can reduce ordering costs to $1 per order, but carrying costs will stay the same at $1.50 per unit. a-1. What is the economic ordering quantity for the second year? Economic ordering quantity (EOQ) a-2. How many orders will be placed during the second year? Number of orders a-3. What will the average inventory be for the second year? Average inventory Total costs units units a-4. What is the total cost of ordering and carrying inventory for second year? LA

Barbara Flynn's company has compiled the following 12.5 ata on a small set of products: ITEM A B C D E ANNUAL DEMAND ITEM NUMBER E102 D23 D27 R02 R19 $107 $123 U11 U23 V75 100 75 50 200 150 Perform an ABC analysis on her data. PX 12.6 Lynn Fish opened a new beauty-products retail store. There are numerous items in inventory, and Lynn knows that there are costs associated with inventory. However, because her time is limited, she cannot carefully evaluate the inventory policy for all products. Lynn wants to classify the items according to dol- lars invested in them. The following table provides information about the 10 items that she carries: UNIT COST $300 100 50 100 65 UNIT COST $4 $16 $8 $2 $8 $12 $1 $7 $1 $14 DEMAND (UNITS) 800 2,400 700 1,000 200 500 1,200 800 Use ABC analysis to classify these items into categories A, B, and C. PX 1,500 2,500 Problems 12.7-12.40 relate to Inventory Models for Independent Demand • 12.7 William Beville's computer training school, in Richmond, stocks…

ABC Company placed an order on December 1. It normally receives the order after 9 days. If the company has a normal usage of 10 units per day. What is the re-order point?

A. Determine the order quantity. B. Determine the reorder point.

Cryolab Inc makes and sells a lawn fertilizer called Hypergro. The company has developed standard costs for one bag of Hypergro as follows:   Standard Quantity/Hours Standard Price/Rate Standard Cost per Bag Direct Material  25 pounds ₱  0.75 ₱18.75 Direct Labor  0.25 hours ₱69.00 ₱17.30 Variable overhead  0.25 hours ₱24.00 ₱   6.00 Total          ₱42.05 The company had no beginning inventories of any kind on January 1.  Variable overhead is applied to production on the basis of standard direct labor hours. During January, the following activity was recorded by the company: Production of Fastgro: 23,000 bags Direct materials purchased: 585,000 pounds at a cost of ₱436,250 Direct labor worked: 5,800 hours at a cost of ₱397,300 Variable overhead incurred: ₱140,650 Inventory of direct materials on January 31: 8,000 pounds Compute the variances and indicate whether it is FAVORABLE (F) or UNFAVORABLE (U) in your solution sheet. The raw…

For a specific farm implement ‘FI’ is to be ordered by a food processing company, following data is available: Monthly Demand= 800 units Purchase cost/unit = $40/unit Ordering costs= $60/ order Holding costs (Ch) = $12/unit/year, fire insurance = 6% of the unit cost, 2% other overheads. Determine optimal order quantity of ‘FI’ items and how frequently the order should be placed?

The Tiernan Gallery and Art Museum distributes to its visitors a printed guide to its collection. There are about 18,000 visitors per year. Carrying costs for the brochures is charged at a rate of 20%. It costs $30 to place an order with the printer. The printer has offered the following discount schedule: Category Order Size Unit Cost 1 0- 1499 2.50 2 1500 – 2999 2.20 3 3000 and up 1.80 How many should they order to get the lowest total cost? O 1,469.7 O 1,500.0 O 1,566.7 O 3,000.0