Question: High Tech Inc. is a virtual store that stocks a variety of calculators in its warehouse. Customer orders are placed; the orders are picked and

High Tech Inc. is a virtual store that stocks a

High Tech Inc. is a virtual store that stocks a variety of calculators in its warehouse. Customer orders are placed; the orders are picked and packaged; and then orders are shipped to the customers. A fixed-order-quantity inventory control system (FQS) helps monitor and control these SKUs. The following information is for one of the calculators that High Tech stocks, sells, and ships. Average demand Lead time Order cost 14.0 calculators per week 6 weeks $ 25/order Unit cost $11.00 0.21 52 weeks per year 3.00 calculators Carrying charge rate Number of weeks Standard deviation of weekly demand SKU service level Current on-hand inventory Scheduled receipts Backorders a. What are the economic order quantity? Round your answer to the nearest whole number. 95 percent 39 calculators 19 calculators 4 calculators calculators b. What are the total annual order and inventory-holding costs for the EOQ? Use the rounded EOQ value in your calculations. Do not round any other intermediate calculations. Round your answer to the nearest dollar. $ C. What is the reorder point without safety stock? Round your answer to the nearest whole number. calculators d. What is the reorder point with safety stock? Use Appendix A to determine z-value. Round z-value to two decimal places. Do not round any other intermediate calculations. Round your answer to the nearest whole number. calculators e. Based on the previous information, should a fixed-order quantity be placed? Consider the reorder point with safety stock. Round your answer to the nearest whole number. A fixed-order quantity -Select- be placed because the inventory position of calculators is -Select- the reorder point with safety stock. Check My Work (1 remaining)

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