Q1) Hammond Supplies expects sales of 151,021 units per year with carrying costs of $3.12 per unit and ordering cost of
Posted: Fri Jul 01, 2022 7:50 am
Q1) Hammond Supplies expects sales of 151,021 units peryear with carrying costs of $3.12 per unit and ordering cost of$9.31 per order. Assuming the level of inventory is stable,what is the optimal average number of units ininventory? Round to the nearest whole number.
Q2) Davis Supply maintains an average inventory of 2,000dinosaur skulls for sale to filmmakers. The carrying cost per skullper year is estimated to be $150.00 and the fixed order cost is$61. What is the economic order quantity (EOQ)? (Round to thenearest whole number.)
Q2) Davis Supply maintains an average inventory of 2,000dinosaur skulls for sale to filmmakers. The carrying cost per skullper year is estimated to be $150.00 and the fixed order cost is$61. What is the economic order quantity (EOQ)? (Round to thenearest whole number.)