A production order quantity problem has a daily demand rate 10 and a daily production rate 50 The production order quantity for this problem is approximately 750 units What is the average inventory for this problem 600 245 300 375 61 Cycle counting provides a measure of inventory turnover assumes that the most frequently used items must be counted more frequently is a process by which inventory records are verified once a year eliminates annual inventory adjustments assumes that all inventory records must be verified with the same frequency

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Question: A production order quantity problem has a daily demand rate = 10 and a daily production rate = 50. The production order quantity for this

A production order quantity problem has a daily demand rate = 10 and a daily production rate = 50. The production order quantity for this problem is approximately 750 units. What is the average inventory for this problem?

		600
		245
		300
		375
		61

Cycle counting:

		provides a measure of inventory turnover.
		assumes that the most frequently used items must be counted more frequently.
		is a process by which inventory records are verified once a year.
		eliminates annual inventory adjustments.
		assumes that all inventory records must be verified with the same frequency.

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