Question: PLEASE Help, please do not round final answers A Cake company uses 4,610 quart bottles of Chocolate sauce each year. The sauce costs 7 per

 PLEASE Help, please do not round final answers A Cake company

PLEASE Help, please do not round final answers

A Cake company uses 4,610 quart bottles of Chocolate sauce each year. The sauce costs 7 per bottle and is served only in full bottles for food safety purposes. The company's inventory manager calculated that each time an order is placed, it costs 14 and holding costs are 16 percent of the purchase price. Once the order is placed, it takes 1 weeks for an order to arrive. The company works for 48 weeks per year. The company is considering to use the inventory system techniques which minimizes the inventory cost. What is the most economic order size or EOQ? Question 2 2 pts A Cake company uses 4,550 quart bottles of Chocolate sauce each year. The sauce costs 8 per bottle and is served only in full bottles for food safety purposes. The company's inventory manager calculated that each time an order is placed, it costs 13 and holding costs are 23 percent of the purchase price. Once the order is placed, it takes 4 weeks for an order to arrive. The company works for 48 weeks per year. The company is considering to use the inventory system techniques which minimizes the inventory cost. Approximately, how many orders may be placed in a year

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!