Question: 2 3 4 5 6 3. (25 points) The monthly demand for chair is 660 units. Each chair costs $140. The ordering cost per order

2 3 4 5 6 3. (25 points) The monthly demand for chair is 660 units. Each chair costs $140. The ordering cost per order is $55. The monthly holding cost per chair is 2.5% of the cost of a chair. (a)(10 points) Compute EOQ Answer: (b) (5 points) What is the length of ordering cycle in days for ordering EOQ? Answer: (C) (10 points) How much extra cost will the business incur monthly by adopting a policy of ordering 500 chairs per order instead of ordering EOQ? Answer: 4. (25 points) Obtain the upper and lower control limits for X and R charts for quality control using the following data for sample means and ranges, with 4 items in each sample. 20.56 2.25 19.99 1.33 20.85 1.89 20.44 2.68 19.86 1.75 Answer: ( 7 points) X Upper control Limit B4760185....doc A 1. BI UAE 15 20.56 2.25 19.99 1.33 20.85 1.89 20.44 2.68 19.86 1.75 Answer: ( 7 points) X Upper control Limit (7 points) X Lower Control Limit (6 points) R Upper Control Limit (5 points) R Lower Control Limit _B4760185....doc A

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