Amount of safety stock , Accounting Basics

The injection molding department of a company uses an average of 30 gallons of special lubricant a day. The supply of the lubricant is replenished when the amount on hand is 170 gallons. It takes four days for an order to be delivered. Safety stock is 50 gallons, which provides a stockout risk of 9 percent. What amount of safety stock would provide a stockout risk of 3 percent? Assume normality. 

Posted Date: 3/16/2013 2:06:39 AM | Location : United States







Related Discussions:- Amount of safety stock , Assignment Help, Ask Question on Amount of safety stock , Get Answer, Expert's Help, Amount of safety stock Discussions

Write discussion on Amount of safety stock
Your posts are moderated
Related Questions
Q. Show Adjustments for deferred items? This segment discusses the two types of adjustments for deferred items asset/expense adjustments and liability/revenue adjustments. In t

How do you do cross-indexing?

help with paper on basic transaction processing fr Richard Simmons

what is the implications of applying accounting concepts wrongly

How can I capitalize my patents? My company has applying for a patent and I want to capitalize the research and development expenditures. I know it will cost some legal charges and

hi i am lookimg forword someone to do my assignmet plz as i am not feeling weel to do it by myself

what is the implication of applying accounting concepts wrongly

State unemployment tax This is referred to as SUTA (State Unemployment Tax Act). The taxes are paid to the state in which employer conducts business. This rate varies from stat

Q. What is Sales revenues? The sale of goods takes place between two parties. The seller of the merchandise transfers them to the buyer in exchange for cash or a promise to pay

how we can do tds audit