Question: Please help Joe Henry's machine shop uses 2,450 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away.

Please help

Joe Henry's machine shop uses 2,450 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual demand 2,450 Holding cost per bracket per year $1.65 Order cost per order $19.50 Lead time 2 days Working days per year 250 a) What is the EOQ? units (round your response to two decimal places). b)What is the average inventory of the EOQ is used? units (round your response to two decimal places) What would be the annual inventory holding cost? $(round your response to two decimal places). C)Given the EOQ, how many orders will be made annually orders (round your response to two decimal places). What would be the annual order cost? $(round your response to two decimal places). d)Given the EOQ, what is the total annual cost of managing (ordering and holding) the inventory? $(round your response to two decimal places). e)What is the time between orders? days (round your response to two decimal places). f) What is the reorder point (ROP)? units (round your response to two decimal places). ty Joe Henry's machine shop uses 2,450 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual demand 2,450 Holding cost per bracket per year $1.65 Order cost per order $19.50 Lead time 2 days Working days per year 250 a) What is the EOQ? units (round your response to two decimal places). b)What is the average inventory of the EOQ is used? units (round your response to two decimal places) What would be the annual inventory holding cost? $(round your response to two decimal places). C)Given the EOQ, how many orders will be made annually orders (round your response to two decimal places). What would be the annual order cost? $(round your response to two decimal places). d)Given the EOQ, what is the total annual cost of managing (ordering and holding) the inventory? $(round your response to two decimal places). e)What is the time between orders? days (round your response to two decimal places). f) What is the reorder point (ROP)? units (round your response to two decimal places). ty

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!

Joe Henry's machine shop uses 2 400 brackets during the course of a year. These beskets are purchased from a supplies 90 miles away. The following information is known about the brackets Annual...

Joe Henry's machine shop uses 2 460 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets 250 Annual...

Joe Henry's machine shop uses 2, 530 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual...

Joe Henry's machine shop uses 2 510 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the bracke Annual demand...

Joe Henry's machine shop uses 2, 520 brackets during the course of a year These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: What is...

Do an ABC analysis on the following information: Item Code Average inventory units $ value per unit 1289 400 3.75 2347 300 4.00 2349 120 2.50 2363 75 1.50 2394 60 1.75 2395 30 2.00 6782 20 1.15 7844...

Lead time: is the time it takes the order to arrive. 01) A machine shop uses 2,500 brackets during a year. These brackets are purchased from a supplier 90 miles away. The following information is...

Jordin machine shop uses 2 . 5 0 0 brackets during the course of a These brackets are purchased from a miles awayThe following information is known about the 2 , 5 0 0 1 . 3 0 1 8 . 5 0 Holding cost...

JoeHenry's machine shop uses 2,460 2,460 brackets during the course of a year. These brackets are purchased from a supplier 90 90 miles away. The following information is known about thebrackets:...

Company A makes annual USD payments of 6% on a notional of USD 2,265,000. Company A receives annual GBP payments of 7% on a notional of GBP 1,500,000. Assume that the USD and GBP interest rates are...

Determine the output of the given circuit:

Question Content Area Anderson Co . issued a $ 5 5 , 2 6 3 , 6 0 - day, discounted note to National Bank. The discount rate is 7 % . At maturity, assuming a 3 6 0 - day year, the borrower will pay: a...

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...