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Joe Henry's machine shop uses 2,500 brackets during the course of a year. These brackets are purchased from a supplier 9
Posted: Sun Apr 17, 2022 7:09 pm
by answerhappygod
- Joe Henry S Machine Shop Uses 2 500 Brackets During The Course Of A Year These Brackets Are Purchased From A Supplier 9 1 (52.84 KiB) Viewed 39 times
Joe Henry's machine shop uses 2,500 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Holding cost per bracket per year: 10% Order cost per order: $18.75 Lead time: 2 days Working days per year: 250 Unit cost $15 a. Given the above information, what would be the economic order quantity (EOQ)? [Select) b. Given the EOQ, what would be the average inventory? (Select) What would be the annual inventory holding cost? $ (Select) c. Given the EOQ, how many orders would be made each year? (Select] d. Given the EOQ, what is the total annual cost of managing the inventory? $ Select) e. What is the time between orders? (Select) days f. What is the reorder point (ROP)? (Select]