Barksdale Biscuits is a small manufacturer of gourmet dog biscuits and uses an average of 6,400 pounds of flour per week and works 50 weeks per year. Barksdale buys flour at $0.20/lb delivered. It costs them $75 to process an order. They use 20% of the purchase price for flour to calculate the annual holding cost. Calculate the economic order quantity for flour for Barksdale Biscuits.
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- Rapallo Sneakers, Inc. sells a pair of LG sneakers for $42. Due to the recent fitness craze, these shoes are in high demand: 52 pairs of shoes are sold per week. The ordering cost is $42 per order, and the annual holding cost is 25 percent of the selling price. If the store operates 48 weeks a year, what can you say about the size of the current order quantity of 225 pairs?Sarah's Organic Soap Company makes organic liquid soap. One of the raw materials for her soaps is organic palm oil. She needs 1,000 kg of palm oil per day on average. The supplier charges a $65 delivery fee per order (which is independent of the order size) and $5.75 per kg. Sarah's annual holding cost is 25 percent. Assume she operates and sells five days per week, 52 weeks per year. If Sarah wants to minimize her annual ordering and inventory holding costs, а. |kgs how much palm oil should she purchase with each order (in kg)? (Do not round intermediate calculations.) If Sarah orders 4,250 kg with each order, what would be the annual sum of b. the ordering and holding costs? (Round your answer to 3 decimal places.) If Sarah orders 8,200 kg with each order, what would be the sum of the с. ordering and holding costs per kg sold? per kg (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Sarah's supplier is willing to sell her palm oil at a 5…Sarah’s Organic Soap Company makes organic liquid soaps. She purchases organic Palm oil to make her soaps. She needs 1,000 kgs of Palm oil per day on average. The supplier charges a $60 delivery fee per order (which is independent of the order size). Sarah’s annual holding cost is $1.825 per kg of palm oil. Assume there are 365 days a year. a. What is the daily cost of ordering and holding when EOQ is ordered? b. Again, assume that Sarah needs 1,000 kgs of Palm oil per day. Sarah’s supplier is willing to sell Palm oil to her at a 10% discount on its selling price if she purchases 10,000 kgs at a time. If Sarah takes the offer and orders 10,000 kg at a time, how much will be the resulting daily cost of ordering and holding? (Assume that the fixed cost of ordering is $60 per order and the per unit inventory holding cost is 0.005 per day per kg of Palm oil.) c. Again, assume that Sarah needs 1,000 kgs of Palm oil per day. Sarah’s supplier is willing to sell Palm oil to her at a 10%…
- The company uses cooking oil in its business. The usage of cooking oil is normally distributed with an average of 30 gallons per week and a standard deviation of four gallons per week. The manager asked you to help him decide how to reorder cooking oil in order to achieve a service level of 97.5 percent . Lead time is nine days. a) If cooking oil can be ordered as needed, what reorder point should be used? Answer in 2 decimal places.b) If a fixed interval of 20 days is specified, how much safety stock should the company carry. Answer in 2 decimal places.Your firm uses a continuous review system and operates 52 weeks per year. One of the SKUs has the following characteristics.Demand 1D2 = 20,000 units/yearOrdering cost 1S2 = $40/orderHolding cost 1H2 = $2/unit/yearLead time 1L2 = 2 weeksCycle@service level = 95 percentDemand is normally distributed, with a standard deviation of weekly demand of 100 units.Current on-hand inventory is 1,040 units, with no scheduled receipts and no backorders.a. Calculate the item’s EOQ. What is the average time, in weeks, between orders?b. Find the safety stock and reorder point that provide a 95 percent cycle-service level.abc company sells 5,500 pens per year with a constant demand throughout the year. ABC purchases the pens at the cost of $300 per unit. ordering cost for the company is$100 per order. holding cost for the company is $10 per year. curently the company is ordering the products in lots of 200 units. what would be the total holding cost for ABC?
- Helen needs 1159 kgs of chicken per day on average to make enchiladas for her store. The supplier charges a $67 delivery fee per order (which is independent of the order size) and $3.90 per kg. Helen’s annual holding cost is 20%. Assume 52 weeks per year and 7 days per week. If Helen wants to minimize inventory holding and ordering costs, how much chicken should she purchase with each order (in kgs)? Provide your answer as an integer value.Use Econimic Order Quantity formula. The answer is 8,513. Not sure how to get there.Sarah's Organic Soap Company makes organic liquid soap. One of the raw materials for her soaps is organic palm oil. She needs 1,100 kg of palm oil per day on average. The supplier charges a $55 delivery fee per order (which is independent of the order size) and $5.00 per kg. Sarah's annual holding cost is 20 percent. Assume she operates and sells five days per week, 52 weeks per year. If Sarah wants to minimize her annual ordering and inventory holding costs, a. kgs how much palm oil should she purchase with each order (in kg)? (Do not round intermediate calculations.) If Sarah orders 4,250 kg with each order, what would be the annual sum of b. the ordering and holding costs? (Round your answer to 3 decimal places.) If Sarah orders 7,600 kg with each order, what would be the sum of the C. ordering and holding costs per kg sold? per kg (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Sarah's supplier is willing to sell her palm oil at a 5…Sarah's Organic Soap Company makes organic liquid soap. One of the raw materials for her soaps is organic palm oil. She needs 1,100 kg of palm oil per day on average. The supplier charges a $55 delivery fee per order (which is independent of the order size) and $5.00 per kg. Sarah's annual holding cost is 20 percent. Assume she operates and sells five days per week, 52 weeks per year. If Sarah wants to minimize her annual ordering and inventory holding costs, how much palm oil should she purchase with each order (in kg)? a. kgs (Do not round intermediate calculations.) If Sarah orders 4,250 kg with each order, what would be the annual sum of b. the ordering and holding costs? (Round your answer to 3 decimal places.) If Sarah orders 7,600 kg with each order, what would be the sum of the C. ordering and holding costs per kg sold? per kg (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Sarah's supplier is willing to sell her palm oil at a 5…
- A company that markets hypodermic needles to hospitals. The company purchases the needles from a supplier. The annual demand is 6,603 needles. The annual setup (or ordering) cost is $31 per order and the inventory holding cost per unit per year is $11.35. The company operates 293 days a year. Calculate the optimal annual holding cost for the company.Use at least 4 decimal places.The A&M Hobby Shop carries a line of radio-controlled model racing cars. Demand for the cars is assumed to be constant at a rate of 50 cars per month. The cars cost $70 each, and ordering costs are approximately $15 per order, regardless of the order size. The annual holding cost rate is 20%. (a) Determine the economic order quantity and total annual cost (in $) under the assumption that no backorders are permitted. (Round your answers to two decimal places.) X Q* TC = (b) Using a $45 per-unit per-year backorder cost, determine the minimum cost inventory policy and total annual cost (in $) for the model racing cars. (Round your answers to two decimal places.) Q* X TC = (c) What is the maximum number of days a customer would have to wait for a backorder under the policy in part (b)? Assume that the Hobby Shop is open for business 300 days per year. (Round your answer to two decimal places.) days (d) Would you recommend a no-backorder or a backorder inventory policy for this product?…The A&M Hobby Shop carries a line of radio-controlled model racing cars. Demand for the cars is assumed to be constant at a rate of 50 cars per month. The cars cost $70 each, and ordering costs are approximately $15 per order, regardless of the order size. The annual holding cost rate is 20%. (a) Determine the economic order quantity and total annual cost (in $) under the assumption that no backorders are permitted. (Round your answers to two decimal places) Q-3354 TC- $ 500 00 X (b) Using a $45 per unit per-year backorder cost, determine the minimum cost inventory policy and total annual cost (in $) for the model racing cars (Round your answers to two decimal places) Q-1024 x x TC-$400.93 (c) What is the maximum number of days a customer would have to wait for a backorder under the policy in part (b)? Assume that the Hobby Shop is open for business 300 days per year. (Round y to two decimal places) 5.12 x days (d) Would you recommend a no-backorder or a backorder inventory policy for…