Calculate the ordering and holding costs

Assignment Help Operation Management
Reference no: EM131375184

If annual sales for your product are 709, and the holding cost per unit is $5, and the cost to place an order is $350, then:

1. Calculate the EOQ, and round it to 2 decimal places. (I'm only telling you to do that to make sure you get the same answer with the randomly generated numbers that the WebCampus solution is going to come up with).

2. Calculate the ordering and holding costs, per year, if you use the EOQ. Notice I did not give you a Unit Cost for the item, so you can't calculate a Cost of Goods Sold for the item, even if you wanted to.

Sum of Ordering and Holding costs (rounded to nearest dollar):

Reference no: EM131375184

Calculate the risk of diesel exhaust

A) Explain how the City of Commerce, a business friendly city, ended being an example for managing environmental quality. How did the California Regulators calculate the risk

How the contractor operations

Identify the types of contractors used by your current organization or an organization with which you are familiar, and discuss how the contractor's operations could adverse

Outlne a detailed feasibility plan for the hiring of nurses

Outlne a detailed feasibility plan for the hiring of nurses, physicians, and allied professionals. Provide a rationale for the chosen plan, and explain the main reasons why

Compute the total annual cost utilizing your order size

The office manager is currently utilizing an order size of 202 boxes. The partners of the industry expect the office to be managed "in a cost-efficient manner." Would you re

Case study on cutting cafeteria costs

Case Study on Cutting Cafeteria Costs. A cafeteria at All-State University has one special dish it serves like clockwork every Thursday at noon. This supposedly tas

Handle the software requirements in the publishing process

Whittaker Publishing Corp. is a publishing company that wants to hire more technical experts to handle the software requirements in the publishing process. However, the test g

Compute the eoq recommended lot size

Compute the EOQ recommended lot size using equation (10.5). What two observations can you make about the relationship between the EOQ model and the production lot size model

Interrelationships of innovation-culture and globalization

Why are the interrelationships of innovation, Culture, globalization, strategy and communication necessary in today's business environment? How does an individual obtain the s

Reviews

Write a Review

 
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