Calculate average inventory level

Assignment Help Operation Management
Reference no: EM131118400

Custom Computers, Inc. assembles custom home computer systems. The heat sinks needed are bought for $12 each and are ordered in quantities of 1,300 units. Annual demand is 5,100 heat sinks, the annual inventory holding cost rate is $4 per unit, and the cost to place an order is estimated to be $58. Calculate average inventory level. units LINK TO TEXT Calculate number of orders placed per year. orders (Round your answer to 2 decimal places, the tolerance is +/-0.01.) LINK TO TEXT Calculate total annual inventory holding cost. $ LINK TO TEXT Calculate total annual ordering cost. $ (Round your answer to 2 decimal places, the tolerance is +/-0.08.) LINK TO TEXT Calculate total annual cost. $ (Round your answer to 2 decimal places, the tolerance is +/-0.08.)

Reference no: EM131118400

Questions Cloud

Must the contract be in writing to be enforceable : ABC company hired Andrew as its research director. The terms of the employment contract is five years. As ABC knows at the moment of signing, Andrew is terminally ill when the contract is created, and is not expected to live more than nine months. Mu..
Virtual financial project : You are the project manager of a large, virtual financial project. You want to improve the functioning of the project team. Which of the techniques below would not likely improve the effectiveness and efficiency of the project team?
Calculate total annual costs using the EOQ ordering policy : Sam’s Auto Shop services and repairs a particular brand of foreign automobile. Sam uses oil filters throughout the year. The shop operates fifty-two weeks per year and weekly demand is 156 filters. Calculate the total annual costs associated with Sam..
Calculate economic order quantity-average inventory level : Custom Computers, Inc. assembles custom home computer systems. The heat sinks needed are bought for $12 each. Annual demand is 5,000 heat sinks, the annual inventory holding cost rate is $4 per unit, and the cost to place an order is estimated to be ..
Calculate average inventory level : Custom Computers, Inc. assembles custom home computer systems. The heat sinks needed are bought for $12 each and are ordered in quantities of 1,300 units. Annual demand is 5,100 heat sinks, the annual inventory holding cost rate is $4 per unit, and t..
Calculate the total annual holding costs : Frederick’s Farm Factory (FFF) currently marintains an average inventory valued at $3,400,000. The company estimates its capital cost at 10 percent, its storage cost at 4.5 percent, and its risk cost at 6 percent. Calculate the annual holding cost ra..
What are some of benefits and concepts of project management : With regards to supply chain management in a healthcare setting, discuss some of the benefits of forecasting. What are some of the benefits and concepts of project management? How is project management beneficial? Discuss. Give an example of project ..
Calculate the expected inventory turnover : Joe, the owner of Genuine Reproductions (GR), a company that manufactures reproduction furniture, is interested in measuring inventory effectiveness. Last year the cost of goods sold at GR was $3,000,000. Genuine Reproductions (GR) plans on increasin..
Benefit of using milestone analysis to control project : To control your project, you decide to use milestone analysis. Which of the below is not a benefit of using milestone analysis to control a project?

Reviews

Write a Review

Operation Management Questions & Answers

  Process-driven quality requirement

Process and Customer drivenWhat is unique about a process-driven quality requirement. What are some of the unique elements of implementing customer-driven quality requirements as opposed to process-driven quality requirements

  Calculate the present value of the cash flow stream

Calculate the present value of the cash flow stream in problem 2 with the following interest rates.

  Systematic process of regulating organizational activities

The systematic process of regulating organizational activities to make them consistent with the expectations in plans, targets, and standards of performance refers to organizational control. Managers are increasingly recognizing the need to measure i..

  Find the number of working days between orders

Thomas Cain is the purchasing manager for multiple store Mattress firm. The demand for the most popular mattress is 6000 units per year. The cost of each mattress is $120, and inventory carrying cost is $15 per unit per year. Find the optimal order q..

  Limited time flash sales

Some retailers now allow consumers to respond to their text messages announcing a sale for a specified time period. Consumers must then visit the site to purchase the sale items. Which of the following retailing websites offer these limited time "fla..

  Current place of employment with positive outcome

Could you apply this situation to your current place of employment with a positive outcome? Why or Why not?. What are key differences in distinguishing between Classical and Operant conditioning?

  Determine that the project completion time

Using PERT, Adam Munson was able to determine that the project completion time for his home is 32 months with a project variance of 25 months.

  When production capacity can be added in small increments

Rivalry tends to be high when there are few firms in an industry and these firms tend to be unequal in size, the industry growth rate is high, firms are unable to differentiate their products, when production capacity can be added in small increments..

  An electronic medical record-patient reported outcomes

An Electronic Medical Record (EMR), Patient Reported Outcomes (PRO) system and A Health Information Exchange (HIE) what features do they have in common and what are the features that differ

  How many devices can you test completely

At maximum operator speed how long will it take each device to come off the test line? How many devices can you test completely in a 1 hour shift?

  Total quality management is bottom-round management

Total Quality Management (TQM) is a bottom-round management philosophy, in that workers who actually do the work are the ones responsible for quality improvement initiatives. Waiting time in queue increases exponentially with the coefficient of varia..

  Explain the principles guiding general education

Explain what you have learned about the principles guiding general education from this course and the courses you have taken in the past. What are the most important concepts you have learned (a) from this course and (b) throughout your time as a ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd