Jelsen Company sells educational toys. One raw material that it orders is plastic. The plastic is...
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Jelsen Company sells educational toys. One raw material that it orders is plastic. The plastic is melted and placed in molds to be used for the production of various toys. Information pertaining to the plastic raw material is as follows: Economic order quantity 120,000 pounds 8,000 pounds Average daily usage Maximum daily usage 12,000 pounds Lead time 3 days Required 1. What is the reorder point assuming no safety stock is carried? 2. What is the reorder point assuming that safety stock is carried? Jelsen Company sells educational toys. One raw material that it orders is plastic. The plastic is melted and placed in molds to be used for the production of various toys. Information pertaining to the plastic raw material is as follows: Economic order quantity 120,000 pounds 8,000 pounds Average daily usage Maximum daily usage 12,000 pounds Lead time 3 days Required 1. What is the reorder point assuming no safety stock is carried? 2. What is the reorder point assuming that safety stock is carried?
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1 120000 pounds 2 8000 12000 8000 2 10000 EXPLANATION 1 The reorder point is simp... View the full answer
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