3.3 Alpha Company places 10 orders per year with its supplier. Each order is for an amount exactly equal to the EOQ. Alp

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3 3 Alpha Company Places 10 Orders Per Year With Its Supplier Each Order Is For An Amount Exactly Equal To The Eoq Alp 1 (126.21 KiB) Viewed 38 times

3.3 Alpha Company places 10 orders per year with its supplier. Each order is for an amount exactly equal to the EOQ. Alpha's order cost has been determined to be R50 per order. Alpha carries no safety stock at all. What is Alpha's annual inventory carrying cost? 3.3.2 Cost of capital or opportunity cost is one of the major "Carrying Costs." Another example of carrying cost is? (2) a. Cost of obsolescence and loss b. Taxes 3.3.1 3.3.3 3.4.1 3.4.2 3.4 Rajesh Indian Market (RIM) is open 12 months out of the year. At RIM, the demand for rice is very consistent 200 kilograms per month. RIM orders the rice from a distributor in India at an ordering cost of R50 per order. Rice costs R5 per kilogram, and annual carrying charge is 15%. Answer question 5.5.1- 5.5.5 based on this information. 3.4.3 3.4.4 3.4.5 c. Insurance d. All of the above What happens to the EOQ when the unit cost increases (assuming all other variables remain the same)? (1) a. EOQ increases b. EOQ decreases c. EOQ remains the same The EOQ is? (round up to the nearest whole number) a. 566 kilograms b. 164 kilograms c. 163 kilograms d. 26667 kilograms What is the average inventory? (round up to the nearest whole number) a. 1200 units b. 283 units c. 250 units d. 275 units (2) How many orders will RIM place in a year? (round up to the nearest whole number) (2) a. 2 orders b. 3 orders c. 4 orders d. 5 orders What is the inventory turnover? a. 8.48 times b. 0.7 times c. 10.49 times d. 10.5 times What is the annual ordering cost (based on the rounded up number of orders)? a. R150 b. R175 c. R200 d. R250 (2) (2) (2) 4/6