Policy of ordering quantities of size

Assignment Help Business Management
Reference no: EM131370325

Using the following information, obtain the EOQ and the total variable cost associated with the policy of ordering quantities of that size. Annual demand = 20,000 units, ordering cost = Rs. 150 per order, and inventory carrying cost is 24% of average inventory value.

Reference no: EM131370325

Questions Cloud

How the case study organisation could adopt new approaches : Your conclusions and recommendations will provide practical approach to the outcomes of theories used, including specific insights into how the case study organisation could adopt new approaches to leadership and managing strategic change.
Determine the optimum cost : The cost of ordering and transportation from the supplier is Rs.150 per order. The cost of carrying inventory is estimated at 15 % per year of the purchase cost. Find the lot-size that will minimize the cost of the system. Also determine the optim..
How frequently should order for rivets : A company uses rivets at a rate of 5,000 kg per year, rivets costing Rs.2 per kg. It costs Rs.20 to place an order and the carrying cost of inventory is 10 % per annum. How frequently should order for rivets be placed and how much?
Inventory carrying charge per rupee per : An oil engine manufacturer purchases lubricants at the rate of Rs. 42 per piece from a vendor. The requirement of these lubricants is 1,800 per year. What should be the order quantity per order, if the cost per placement of an order is Rs.16 and i..
Policy of ordering quantities of size : Using the following information, obtain the EOQ and the total variable cost associated with the policy of ordering quantities of that size. Annual demand = 20,000 units, ordering cost = Rs. 150 per order, and inventory carrying cost is 24% of aver..
Discuss why you chose the research method : Recent data on college student shows that it takes the average student four (4) years to transfer to a university and only 41% of students reach this goal. Please think about the things that might get in the way of students not being successful ..
What is time study : What is Time Study? What are the different equipment used for time study? Explain the process of Time Study?
Find the minimum cost and purchase quantity : The cost of initiating purchasing action is Rs. 15.00 per purchase and the holding cost is 15% of average inventory valuation per period. Item cost is Rs. 8.00 per unit. Find the minimum cost and purchase quantity.
How does nike promote value in their custom tennis shoes : How does Nike promote value in their custom tennis shoes? Do you believe that the Nike tennis shoe has value for the price? Do $300 tennis shoes, $1000 purses and other luxury items have value equivalent to their price tag?

Reviews

Write a Review

Business Management Questions & Answers

  Utilizing effective project management

Based on what you have read this week on utilizing effective project management (LO9), discuss the value of resource leveling if it can keep a project on schedule?

  Examination on the internet to find recent information

Examination on the Internet to find recent information about the difficulties of obtaining capital in today's business climate.

  How information systems influence businesses to be efficient

Explain how information systems influence businesses to be more competitive, efficient, and profitable. Provide at least one example for each factor.

  Differentiate between push and pull promotional strategies

Differentiate between the push and pull promotional strategies. Explain the factors that determine whether the push or the pull strategy is appropriate in a given marketing environment.

  Determining the implementation approach

What do you think of this implementation approach? Do you think it will be an effective strategy? Why or why not? What would you do differently to ensure the successful implementation of the assisted living facility's strategic plan?

  How you characterize way in which your group has assimilated

How would you characterize the way in which your group has assimilated or interacted with other cultures? Which theory of assimilation best explains how your group assimilated?

  Organizational cultures effects on organizational

organizational cultures effects on organizational strategyreference this statementthere is a need for analyzing and

  Statement impact of issuing stock compared

What is the financial statement impact of issuing stock compared to issuing bonds? Explain how stock and bonds impact the calculation of debt-to-equity ratio.

  Activity data set

how to do this activity data set?Student Gender Age Years of Work Experience Hours Spent on the HomeworkJenny F 42 27 2.5

  Thomson calculate their income taxes

Several years have gone since Harry and Belinda graduated from college and started working careers. They both earn good salaries. They believe that they are paying too much in federal income taxes.

  Firm realize fromthe sale net of the cost of hedging

If the spotexchange rate is $1.60 at maturity, how much in dollar will the firm realize fromthe sale net of the cost of hedging?

  Key to the success of entry-deterrence

Why is uncertainty a key to the success of entry-deterrence?

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