Question: please dont put same answers as the omes i got incorrect Michigan State Figurine Inc. (MSF) sells crystal figurines to Spartan fans. MSF buys the
please dont put same answers as the omes i got incorrect
Michigan State Figurine Inc. (MSF) sells crystal figurines to Spartan fans. MSF buys the figurines from a manufacturer for $31 per unit. They send orders electronically to the manufacturer, costing $56 per order and they experience an average lead time of six days for each order to arrive from the manufacturer. Their inventory carrying cost is 20 percent. The average daily demand for the figurines is two units per day. They are open for business 250 days a year. The supplier decides to offer a volume discount. They will sell the crystal figurines at $7 per unit for orders of 250 units or more. Answer the following questions: a. How many units should the firm order each time? Assume there is no uncertainty at all about the demand or the lead time. (Round up your answer to the next whole number.) Answer is complete but not entirely correct. Number of units 95 b. How many orders will they place in a year? Answer is complete but not entirely correct. Number of orders por your c. What is the average inventory? (Round your answer to 1 decimal place.) Answer is complete but not entirely correct. Average inventory 48.0 units d. What is the annual ordering cost? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Annual ordering cost $ 291.66 e. What is the annual inventory carrying cost? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Annual inventory carrying cost $ 297.60

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