The economic order quantity of NEKO Inc. is 1,000 unit. They sold their sole product for a selling price of P5. It takes P20,000 a year for NEKO Inc. in ordering 1,000 units per transaction. Carrying cost is P4 per unit per year. The lead time for this product is one week. How much sales revenue should NEKO Inc. have for this economic order quantity to be plausible? (Use 360 days a year)
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The economic order quantity of NEKO Inc. is 1,000 unit. They sold their sole product for a selling price of P5. It takes P20,000 a year for NEKO Inc. in ordering 1,000 units per transaction. Carrying cost is P4 per unit per year. The lead time for this product is one week. How much sales revenue should NEKO Inc. have for this economic order quantity to be plausible? (Use 360 days a year)
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- Happy Pet, Inc., is a large pet store located in LongBeach Mall. Although the store specializes in dogs, it a lso sellsfish, turtle, and bird supplies. The Everlast Leader, a leather leadfor dogs, costs Happy Pet $7 each. There is an annual demand for6,000 Everlast Leaders. The manager, Stephan Wagner, has determinedthat the ordering cost is $20 per order and the carrying cost,as a percentage of unit cost, is 15%. Happy Pet is now consideringa new supplier of Everlast Leaders. Each lead would cost only$6.65, but, in order to get this discount, Happy Pet would have tobuy shipments of 3,000 at a time. Should Happy Pet use the newsupplier and take this discount for quantity buying?The BeeGees' sells guitars for P6,999 each. The store consistently sells 450 guitars every year. The fixed cost to order more guitars is P680 and the carrying cost is P120. What is the economic order quantity?Need help understanding how to apply the EOQ to the below example... The Metropolitan Bus Company (MBC) purchases diesel fuel from American Petroleum Supply. In addition to the fuel cost, American Petroleum Supply charges MBC $1500 per order to cover the expenses of delivering and transferring the fuel to MBC’s storage tanks. The cost of holding a gallon of fuel in the storage tank is $200 per gallon, per month; and annual fuel usage is 125,000 gallons. (a) What is the optimal order quantity for MBC? (b) Assuming 300 work days per year, how frequently should MBC order to replenish the gasoline supply 2 decimal places)? (c) How long is the optimal cycle length (in days)? (d) Determine the optimal variable annual cost (nearest dollar). (e) The MBC storage tanks have a capacity of 500 gallons. What would be the variable annual cost if MBC fills the tanks completely each time, they place an order (nearest dollar)?
- The economic order quantity of Geo Co. is determined to be 450 units and it sells its only product for P5 each. Every time the company orders, it incurs P50. Holding cost is P10. It takes 3 days to make and receive an order. How much sales should Geo Co. for this economic order quantity to be plausible? (Using 360 day per year)SF, owner of the kebab houses, uses 20 pounds of mince each day in preparing meatball. Order costs for mince are $10.00 per order, and carrying costs are 4 cents per pound per day. Lead time for each order is three days, and the mince itself costs $3.00 per pound. At what point should she reorder mince? Select one: 20 pounds remaining 60 pounds remaining 100 pounds remaining 80 pounds remaining 40 pounds remainingSaga ltd. produces electronic toys for children between the ages of 7-10 years old. The toys use a processor that is imported from Japan. Annual demand for the processor is 12,500. The holding cost per processor per year is $2. Ordering cost per order is $400. Lead time is 7 days and the number of working days in the year is 250. a. What is the economic order quantity? b. What is the optimal number of orders per year? c. Calculate the annual holding cost if the economic order quantity is used. d. What is the optimal number of days between any two orders? e. What is the reorder point? f. Given the EOQ, what is the total annual inventory cost?
- Double T appliance is a retailer of small appliances in West Texas. Double T gets all of their merchandise from GE which it then sells to the people of the South Plains. Their annual demand is 10,000 units and the ordering cost is $100 per order. The carrying cost per unit is $50.00 What is their expected annual carrying cost (not including the costs of the goods) if the Economic Order Quantity is used and is equal to 200 units?Please help solve this within 45 min.. please Mega Sdn . Bhd is a wholesaler which buys and sells wide range of products. One of the products is called M3. Each month the company buys 100 units of M3 at cost of RM20 each. Each unit of M3 requires two square feet of space at a cost of RM4 per square foot per annum. Other holding costs are estimated to be 10% of the purchase price. For each order placed, it costs the company RM700. Required: Determine the economic order quantity by using formula.NTA Co. uses about 200,000 yards of a particular fabric each year. The fabric costs P25 per yard. The current policy is to order the fabric four times a year. Incremental ordering costs are about P200 per order, and incremental carrying costs are about P0.75 per yard, much of which represents the opportunity cost of the funds tied up in inventory. How much total annual costs are associated with the current inventory policy?
- Princeton GI Roofing Ltd wants to reduce its total inventory cost using the appropriate EOQ model. Currently, it orders 2170 thick gauge roofing sheets per batch. Annual demand is projected to be 43420 sheets. The ordering cost is Php 120. The average carrying cost is equivalent to 20% of the unit acquisition price of Php 400. Lead time is three days. Assume a 365 day year. Answer the following:a. Using the appropriate EOQ model, compute for the recommended order size. Express your answer up to the nearest hundredths (2 decimal places)b. Based on the appropriate EOQ model, when should the company place an order? Express the time interval in number of days up to the nearest hundredths (2 decimal places)/c. Based on the appropriate EOQ model, what is the company's Total Annual Inventory Cost? Express your answer up to the nearest centavo.Annual demand for a product is 11,960 units; weekly demand is 230 units with a standard deviation of 50 units. The cost of placing an order is $125, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.80 per unit. To provide a 98 percent service probability, what must the reorder point be? Suppose the production manager is told to reduce the safety stock of this item by 125 units. If this is done, what will the new service probability be?National Co. uses about 200,000 yards of a particular fabric each year. The fabric costs P25 per yard. The current policy is to order the fabric four times a year. Incremental ordering costs are about P200 per order, and incremental carrying costs are about P0.75 per yard, much of which represents the opportunity cost of the funds tied up in inventory. How much total annual costs are associated with the current inventory policy?