Question: I need help with these problems. Please provide work if you can so I have a better understanding. Question 1A Question 1B The Metropolitan Bus

I need help with these problems. Please provide work if you can so I have a better understanding.

Question 1A

I need help with these problems. Please provide

Question 1B

I need help with these problems. Please provide

The Metropolitan Bus Company (MBC) purchases diesel fuel from American Petroleum Supply. In addition to the fuel cost, American Petroleum Supply charges MBC $400 per order to cover the expenses of delivering and transferring the fuel to MBC's storage tanks. The lead time for a new shipment from American Petroleum is 9 days; the cost of holding a gallon of fuel in the storage tanks is $0.03 per month, or $0.36 per year; and annual fuel usage is 180,000 gallons. MBC buses operate 270 days a year. a. What is the optimal order quantity for MBC? Q* = b. How frequently should MBC order to replenish the gasoline supply? orders per year C. The MBC storage tanks have a capacity of 15,000 gallons. Should MBC consider expending the capacity of its storage tanks? Metropolitan Bus Company the capacity of its storage tanks. d. What is the reorder point? r= gallons Wilson Publishing Company produces books for the retail market. Demand for a current book is expected to occur at a constant annual rate of 7,300 copies. The cost of one copy of the book is $12. The holding cost is based on an 15% annual rate, and production setup costs are $135 per setup. The equipment on which the book is produced has an annual production volume of 22,500 copies. Wilson has 250 working days per year, and the lead time for a production run is 13 days. Use the production lot size model to compute the following values: a. Minimum cost production lot size. Round your answer to the nearest whole number. Do not round intermediate values. b. Number of production runs per year. Round your answer to two decimal places. Do not round intermediate values. Number of production runs per year = C. Cycle time. Round your answer to two decimal places. Do not round intermediate values. T = days d. Length of a production run. Round your answer to two decimal places. Do not round intermediate values. Production run length = days e. Maximum inventory. Round your answer to the nearest whole number. Do not round intermediate values. Maximum inventory = f. Total annual cost. Round your answer to the nearest dollar. Do not round intermediate values. Total annual cost = $ g. Reorder point. Round your answer to the nearest whole number. Do not round intermediate values. r=

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!

ONLY NEED HELP WITH QUESTION 2. DO NOT ANSWER QUESTION 1 PLEASE! 1. The Metropolitan Bus Company (MBC) purchases diesel fuel from American Petroleum Supply. In addition to the fuel cost, American...

Calculate the following financial indicators for last three years (201X, 201X and 201X) using the attached documents. (i) Compounded average revenue growth rate over 3 years (ii) Compounded average...

View the 2013 Annual Report for the Ford Motor Company, a Fortune 50 company, linked here as well as on the Course Information page. Using this report, answer the following questions: Does the...

Using the Annual Report of your selected company answer the following questions in the Discussion: What are adjusting entries and why are they necessary? In your chosen company, which accounts might...

SPIN Selling Exercise -- Situation Questions "Questions that uncover facts and background about the buyer's business and situation" --Rackham 1996, p. 75. Situation Questions should provide: Neutral...

Assuming that all revenues were net credit sales, and that the total accounts receivable (net) at the end of 2011 were $8,281 million, compute the receivables turnover for 2015 and 2014. (Hint:...

PART A: KNOWLEDGE EVIDENCE INSTRUCTIONS Question 1. Research within the Australian workplace context and outline at least TWO workplace relevant legislations that are essential for managing effective...

Using the Annual Report of your selected company answer the following questions in the Discussion: What is the value of the company's inventory at year end? What was the amount of cost of goods sold...

see case to answer question only you don't need no other reference. Case Overview Founded by Jeff Bezos, online giant Amazon.com, Inc. (Amazon), was incorporated in the state of Washington in July,...

***READ THIS FIRST*** I need the questions for Part 1 AND Part 2 answered for this case study. The answers must be well-written, detailed, and must answer each question fully with examples from the...

Read the article Liberty or Liberate and answer the following questions: 1. What was the major difference between the revolutionary leaders in America and the revolutionary leaders in France? 2. How...

The following reaction involves two successive intra molecular Michael reactions. Write both steps, and show theirmechanisms. Nat "OEt Ethanol

HDPE conduit smaller than trade size shall not be used. ( a ) 3 8 ' ' ( b ) 1 2 ' ' ( c ) 5 8 ' ' ( d ) 3 4 ' '

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...