Question: 2. Need help with this question please Annual demand is 2,920. the price of one unit is $2.17, the order quantity is 115, the holding

2. Need help with this question please Annual

2. Need help with this question please

Annual demand is 2,920. the price of one unit is $2.17, the order quantity is 115, the holding cost per unit per year is $0.28, and the order cost is $55. What is the total cost of inventory, a.k.a. total stocking cost? (use two decimal places) Note that when order quantity is given you should use that quantity (not the optimal quantity). Note: do not confuse total cost with total cost of inventory

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!

CAN YOU PLEASE TYPE THIS OUT PLEASE NO SCREENSHOT OF THIS ANSWER PLEASE TYPE IT OUT FOR ME thanks You must show all of your calculations to obtain marks for each question. 1. Annual Demand is 450...

MINI-CASE Canadian Pacific Railway Canadian Pacific Railway (CPR) is one of the two major railways in Canada and its history goes as far back as Canada itself does. However, it is second to Canadian...

Annual Demand Replenishment Cost Carrying Cost Investment Budget per Unit stored Order Quantity Average Inventory Maximum Storage Capacity InvestmentBudget Required TOTAL COST Part D S H B EOQ I 1...

SCM 301 Spring 2016 Overview of the Case Analysis We have discussed many concepts in SCM 301 related to planning, sourcing, making and delivering products and services. The purpose of this case...

u Total Supply Chain Cost Analysis Data Procurement cost/unit, P Management oversight cost/unit, O Unit transportation cost, Ct Order cost/order, C. Holding cost per unit, Cn. Lead time, L (days)...

Please provide a correct and detaliwd answer to tge following qustions. Tweedy Guitars of St. Louis, MO, is a distributor of hollow-body guitars, which are sold to retailers, online music stores, and...

2.In formulation of an L..P model ,a problem has to be define ,the attention of the analyst shift to formulating the model. Just as it is important to define a problem, it is also important to...

;;-Help me my assignment is confusing me. 1. Suppose your rm is told that the demand curve it faces from its market is given by Q = 8 115;: Its cost per unit is consla nt and equal to $1.5. Assume...

Peters of Persia sells fabric to a wide range of industrial and consumer users. One of the products it carries is denim cloth, used in the manufacture of jeans and carry bags. The supplier for the...

Please complete in excel and show formulas. 3) For this question you will need to calculate 2 different EOQ and ROP values and interpret the results. For both EOQ and ROP, give your final answer in...

Donna Nickles manages a gasoline station on the corner of Bristol Avenue and Harpst Street in Arcata, California. Her station is a franchise, and the parent company calls her station every day at...

Let u and v be eigenvectors of a matrix A, with corresponding eigenvalues A and and let c1 and c2 be scalars. Define xk = c1ku + c2kv (k = 0, 1, 2,...) a. What is xk+1, by definition? b. Compute...

12200. If the end of the cable at A is pulled down with a speed of 2 m>s, determine the speed at which block B rises. D 2 m/s A B Prob. 12-200

In this case analysis, you need to identify an issue in business ethics and/or sustainability and demonstrate your understanding of the discipline by providing recommendations. You will investigate a...