Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

2 Subjects

Homework 8C

Homework 8C

Q 1.Cheeseburger and Taco Company purchases 11,004 boxes of cheese each year. It costs $24 to place and ship each order and $6.05 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. Calculate Economic Order Quantity. Round the answer to the whole number. 2.Cheeseburger and Taco Company purchases 13,462 boxes of cheese each year. It costs $30 to place and ship each order and $7.71 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. What is the average inventory held during the year? Round the answer to the whole number 3.Cheesburger and Taco Company purchases 6,634 boxes of cheese each year. It costs $13 to place and ship each order and $7.57 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. How many orders will be placed each year? Round the answer to the whole number 4.Cheeseburger and Taco Company purchases 11,377 boxes of cheese each year. It costs $30 to place and ship each order and $9.17 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. What is the annual carrying costs of cheese inventory. Round the answer to two decimals. 5.Cheeseburger and Taco Company purchases 18,267 boxes of cheese each year. It costs $28 to place and ship each order and $6.28 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. What is the annual ordering cost of cheese inventory. Round the answer to two decimals.

View Related Questions

Solution Preview

1. 295 2. 162 3. 44 4. 1,250.96 5. 1,267.29