Sport Obermeyer (SO) is a manufacturer of ski apparel. A ski jacket is sourced at a cost
Fantastic news! We've Found the answer you've been seeking!
Question:
Sport Obermeyer (SO) is a manufacturer of ski apparel. A ski jacket is sourced at a cost of $80 and sold for $125. One order is placed at the beginning of the season. Currently, SO disposes of any unsold jackets at the end of the season to outlet stores at $70. It costs $10 to hold a jacket in inventory for the entire season and then ship it to an outlet store.
Demand for ski jackets has been forecast to be normally distributed, with a mean of 4,000 and a standard deviation of 1,750. How many jackets should SO order for the season, assuming a single order?
Related Book For
Accounting Information Systems Controls and Processes
ISBN: 978-1119329565
3rd edition
Authors: Leslie Turner, Andrea Weickgenannt, Mary Kay Copeland
Posted Date: