How many cakes should the manager ask the cake making team to produce (EOQ)? How many...

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How many cakes should the manager ask the cake making team to produce (EOQ)? How many times will the cake making team be asked to make cakes by the manager? What will be the maximum number of cakes in the bakery at any time? Out of one Run of Production-consumption cycle,how many days is the bakery actually making cakes? What percentage of days is the bakery actually busy making cakes? (compared to total working days) What are the ordering costs and holding costs for the bakery for a year? Ordering Costs Holding Costs A bakery manager has to order staff members to make cakes during certain days of the month. On cake production days, number of cakes made in a day: Annual sales for cakes: Daily sales: The cost of storing cake: Cost of ordering cakes (accounts for total costs of labor, raw materials, equipment, etc.): The working days in the year bakery is open: 500 12000 40 2 30 300 cakes per day cakes cakes per cake per year per order of cake production day days in a year How many cakes should the manager ask the cake making team to produce (EOQ)? How many times will the cake making team be asked to make cakes by the manager? What will be the maximum number of cakes in the bakery at any time? Out of one Run of Production-consumption cycle,how many days is the bakery actually making cakes? What percentage of days is the bakery actually busy making cakes? (compared to total working days) What are the ordering costs and holding costs for the bakery for a year? Ordering Costs Holding Costs A bakery manager has to order staff members to make cakes during certain days of the month. On cake production days, number of cakes made in a day: Annual sales for cakes: Daily sales: The cost of storing cake: Cost of ordering cakes (accounts for total costs of labor, raw materials, equipment, etc.): The working days in the year bakery is open: 500 12000 40 2 30 300 cakes per day cakes cakes per cake per year per order of cake production day days in a year

Answer rating: 100% (QA)

To determine the optimal order quantity and answer the related questions we can use the Economic Order Quantity EOQ formula The EOQ formula considers ... View the full answer