Question: 2 10 points eBook to Hint A Print References A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags

2 10 points eBook to Hint A Print References A

2 10 points eBook to Hint A Print References A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag. a. Determine the economic order quantity. (Round your final answer to the nearest whole number.) Economic order quantity b. What is the average number of bags on hand? (Round your final answer to the nearest whole number.) Average number of bags bags c. How many orders per year will there be? (Round your final answer to the nearest whole number.) Number of orders per year Check my work A local distributor for a national tire company expects to sell approximately 9,400 tires of a certain size and tread design next year. Annual carrying cost is $15 per tire and ordering cost is $74. The distributor operates 280 days a year. a. What is the EOQ? (Round your answer to a whole number.) EOQ b. How many times per year does the store reorder? (Round your answer to two decimal points.) Number of Orders per Year c. What is the length of an order Length of Order Cycle (Round your answer two decimal ts.) d. What will the total annual carrying and ordering cost be if the EOQ quantity is ordered? (Round your answer to a whole number.) Total Annual Inventory Cost

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

The following information is available for Blossom Corporation for 2 0 2 5 . Depreciation reported on the tax return exceeded depreciation reported on the income statement by $ 1 3 0 , 0 0 0 . This...

A large bakery buys flour in 25-pound bags. The bakery uses 1500 bags per year. Preparing an order and receiving a shipment of flour involved a cost of $10 per order. Annual carrying cost is $75 per...

Show correct answers A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per...

5 Check my work Problem 13-3 25 points A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a...

Problem 13-3 A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual...

A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying...

3. A large bakery buys flour in 25-pound bags. The bakery uses an average of 4,860 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carry-...

Question 45 (5 points) A large bakery buys flour in 25-pound bags. The bakery uses an average of 6900 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $13.10 per...

Problem 1. A bakery buys flour in 25-pound bags. The bakery uses 1,215 bags a year. Ordering cost is $10 per order. Annual carrying cost is $75 per bag. a. Determine the economic order quantity. b....

1. A bakery buys flour in 25-pound bags. The bakery uses 2,430 bags a year. Ordering cost is $10 per order. Annual carrying cost is $75 per bag. a) Determine the economic order quantity. b) What is...

A local distributor for a national tire company expects to sell approximately 10,500 tires of a certain size and tread design next year. Annual carrying cost is $15 per tire and ordering cost is $69....

In each case, p find an q. a. n = 80 and X = 40 b. n = 200 and X = 90 c. n = 130 and X = 60 d. n = 60 and X = 35 e. n = 95 and X = 43

The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Use this information to...

a Copy and complete this table of values for the function y = 10x + 30 b Use the table to plot a graph of y = 10x + 30. Use a scale of 1 cm = 1 unit on the x-axis and 1 cm = 10 units on the y-axis. c...

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...