Each year PBB sells 285 units of a product at a price of P600 each. The variable cost per unit is P575 and the carrying cost per unit is P21. Your fixed cost of ordering is P82. 4.1 What is the economic order quantity (whole number)? 4.2 How much are the total carrying costs (nearest hundredths)?
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- 1. The best-selling pair of shoes Footstep sells for P499.99 a pair. The store consistently selis 7000 pairs of these shoes every year. The fixed costs to order more shoes is P80 and the carrying costs are P2.25 per pair. a) What is the economic order quantity? (whole number) b.) How much is the carrying cost? (2 decimal point) 2. Each year you sell 950 units of earphones at a price of P399 each. The variable cost per unit is P675 and the carrying cost per unit is P18.00. Your fixed cost of ordering is P60. a.) What is the economic order quantity? (whole number) b.) How much is the carrying cost? (2 decimal point) c.) How much is the ordering cost if ordering quantity is 100? (2 decimal point)Le Pearl sells 4500 readymade dresses for the children. The cost to place an order of readymade dress is RO 22. The cost of a readymade is RO 20 per unit and the carrying cost is 11% of the cost. Find the Economic Order Quantity.The mythical Own Distributors has an annual demand of 2,000 units for itshandheld security wands. The average cost of the handheld security wand isUS$140. Carrying cost is 18% of the unit cost of the security wand. Orderingcosts are US$30 per order. If the company orders in quantities of 500 or more,it can get a 6% discount on the unit cost of the security wand. Should the OwenDistributors take the quantity discount?
- (c) A company which produces washing machines has to store a certain item, and two such items are needed to assemble one washing machine. Annual demand for machines is 1000 units. The following information is available. Ordering cost = Rs.250 per order Inventory holding cost = Rs.125 per unit per year Back-order cost = Rs.150 per unit per year Find the following. i) Economic order quantity ii) Optimum level of shortageA local TV repairs shop uses 36,000 units of a part each year (A maximum consumption of 100 units per working day). It costs RM20 to place and receive an order. The shop orders in lots of 400 units. It cost RM4 to carry one unit per year of inventory. Calculate total annual ordering cost Calculate total annual carrying cost Calculate total annual inventory cost Calculate the Economic Order Quantity Calculate the total annual cost inventory cost using EOQ inventory Policy How much is the saving if using EOQ? Compute re-ordering point assuming the lead time is 3 days..A firm's requirement of materials is 3000 units (Price Rs 20 per unit) for 6 days. The ordering cost per order is Rs 30 and the carrying cost is Rs.50. If the schedule of discount given below is applicable to the firm, determine the most economical order quantity. Lot size Discount Rate 1-499 None 500-699 1% 700-999 2% 1000-2499 4% 2500 and above 7%
- Each year The Carpenters sell 2300 units of a product at a price of P630.25 each. The variable cost per unit is P392 and the carrying cost per unit is P167.50. The fixed cost of ordering is P78.50. 2.1 What is the economic order quantity (whole number)? 2.2 How much are the total ordering costs (nearest hundredths)?A textile mill buys its raw materials from a vendor. The annual demand of the raw material is 9,000 units. The ordering cost is $100 per order and the carrying cost is 20% of the purchase price per unit per month where the purchase price per unit is $1. Find the total cost for a year. O $11,897 $13,336 $11,078 $12,364Q/ A stockiest has to supply 400 units of a product every Monday to his customers. He gets the product at Rs. 50/- per unit from the manufacturer. The cost of ordering and transportation from the manufacturer is Rs. 75 per order. The cost of carrying inventory is 7.5% per year of the cost of the product. Find:(a) Economic order quantity,(b) The total optimal cost.
- RCR Company has a secret ingredient in its production. This ingredient costs the company P60 each from the supplier and requires 5-day lead time. The ordering cost is P25 per order and the carrying cost per unit is 10% of purchase price. (EOQ is 2,400 units). Use 360 days. Determine the following: a. Annual demandExplain the relationship between the annual ordering cost and the ordering size. Why is there a need to compute for the Economic order quantity?B). As an inventory manager, you must decide on the order quantity for an item. Its annual demand is 679 units. Ordering costs are $7 each time an order is placed, and the holding cost is 10% of the unit cost. Your supplier provided the following price schedule. Quantity Price per Unit 1 - 100 $5.65 101 - 350 $4.95 351 or more $4.55 What ordering-quantity policy do you recommend?