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Homework: Chapter 13 Homework Save Score: 0 of 1 pt 7 of 8 (8 complete) HW Score: 75%, 6 of 8 pt X P13-15 (similar to) Question Help Economic order quantity (EOQ). Tinnendo, Inc. believes it will sell 4 million zen zens, an electronic game, this coming year. Note that this figure is for annual sales The inventory manager plans to order zen-zens 33 times over the next year. The carrying cost is $0.02 per zenzen per year. The order cost is $572 per order. What are the annual carrying cost, the annual ordering cost, and the optimal order quantity for the zen-zens? Verify your answer by calculating the new total inventory cost What is the annual carrying cost for the zen-zens? (Round to the nearest dollar) -15 (similar to) Question Help i View an Example 0 ni de ht un Question Help Economic order quantity (EOQ). Tinnendo Inc. believes it will sell 4 million zen-zens, an electronic game, this coming year. Note that this figure is for annual sales. The inventory manager plans to order zen-zens 72 times over the next year. The carrying cost is $0.06 per zen-zen per year. The order cost is $375 per order. What are the annual carrying cost, the annual ordering cost, and the optimal order quantity for the zen-zens? Verify your answer by calculating the new total inventory cost. To determine the appropriate level of inventory, the trade-off between the carrying costs and the ordering costs of the inventory must be welghed. A common method used to determine the appropriate level of inventories is the economic order quantity (EOC) model. The EOQ is the result of trading off carrying costs and ordering costs. Costs of inventory levels are divided into two categories. The cost of storage or carrying the inventory item until it is sold or used in production. The total annual carrying cost is the average carrying cost (CC) per item per year multiplied by the average inventory (0/2) total annual carrying cost=CCX where the quantity per order (Q) is the annual sales (S) divided by the number of orders placed per year. The cost of ordering (OC) and delivery of the inventory. The total annual ordering cost (OC) is the cost of ordering and delivery multiplied by the number of orders (SIQ) placed per year total annual ordering cost = OC OCX Press Continue to see more. Close 13-15 (similar to) Question Help mic View an Example NUE rento der ann nor Question Help s the Economic order quantity (EOQ), Tinnendo Inc, believes it will sell 4 million zen-zens, an electronic game, this coming year. Note that Roun this figure is for annual sales. The inventory manager plans to order zen-zens 72 times over the next year. The carrying cost is $0.06 per zen-zen per year. The order cost is $375 per order. What are the annual carrying cost, the annual ordering cost, and the optimal order quantity for the zen-zens? Verify your answer by calculating the new total inventory cost. total annual carrying cost=CCX where the quantity per order (Q) is the annual sales (S) divided by the number of orders placed per year. The cost of ordering (OC) and delivery of the inventory. The total annual ordering cost (OC) is the cost of ordering and delivery multiplied by the number of orders (S/Q) placed per year total annual ordering cost = ocx The quantity of each order is 55,556 (4,000,000/72) zen-zens, the annual sales of 4,000,000 zen-zens divided by 72 orders, the number of orders placed per year. So, current total annual carrying cost for Tinnendo, Inc. is computed as: $55,556 $1,667 total annual carrying cost = $0.06 2 Currently, the total annual carrying cost for Tinnendo, Inc. is $1,667 Press Continue to see more. or your Continue Close parts 6 remaining ic nto View an Example the oun Question Help Economic order quantity (EOQ). Tinnendo Inc, believes it will sell 4 million zen-zens, an electronic game, this coming year. Note that this figure is for annual sales. The inventory manager plans to order zen-zens 72 times over the next year. The carrying cost is $0.06 per zen-zen per year. The order cost is $375 per order. What are the annual carrying cost, the annual ordering cost, and the optimal order quantity for the zen-zens? Verify your answer by calculating the new total inventory cost. total annual ordering cost = OCx The quantity of each order is 55,556 (4,000,000/72) zen-zens, the annual sales of 4,000,000 zen-zens divided by 72 orders, the number of orders placed per year. So, current total annual carrying cost for Tinnendo, Inc. is computed as: $55,556 total annual carrying cost = $0.06 = $1,667 2 Currently, the total annual carrying cost for Tinnendo, Inc. is $1,667. Current total annual ordering cost for Tinnendo, Inc. is found to be: 4,000,000 total annual ordering cost = $375x $55,556 $27,000 Currently, the total annual ordering cost for Tinnendo, Inc. is $27,000 ? Press Continue to see more. Continue Close your a 5 parts remaining 3-15 (similar to) Questior 1 View an Example stol he pun Question Help Economic order quantity (EOQ). Tinnendo Inc, believes it will sell 4 million zen-zens, an electronic game, this coming year. Note that this figure is for annual sales. The inventory manager plans to order zen-zens 72 times over the next year. The carrying cost is $0.06 per zen-zen per year. The order cost is $375 per order. What are the annual carrying cost, the annual ordering cost, and the optimal order quantity for the zen-zens? Verify your answer by calculating the new total inventory cost. 4,000,000 total annual ordering cost = $375x $55,556 = $27,000 Currently, the total annual ordering cost for Tinnendo, Inc. is $27,000 When inventories are ordered in large batches instead of small batches, the number of deliverleif required each period is lower and thus the delivery order costs are lower per item. When inventories are ordered in small batches, the number of deliveries increase and the cost of ordering goes up per item. On the other hand, with large inventories, the cost to store or carry the inventory goes up as more space and facilities are needed. With small orders, less space and fewer facilities are needed, so the cost to carry the inventory goes down. The EOQ model lets us estimate the happy medium between the small orders and large orders. 2xSXOC EOQ = CC Total inventory cost is the sum of the total annual carrying cost and the total annual ordering cost. At the EOQ (the optimal order quantity), the total annual carrying cost equals the total annual ordering cost. ? Press Continue to see more. -15 (similar to) Question H i View an Example Question Help Economic order quantity (EOQ). Tinnendo Inc, believes it will sell 4 million zen-zens, an electronic game, this coming year . Note that this figure is for annual sales. The inventory manager plans to order zen-zens 72 times over the next year. The carrying cost is $0.06 per zen-zen per year. The order cost is $375 per order. What are the annual carrying cost, the annual ordering cost, and the optimal order quantity for the zen-zens? Verify your answer by calculating the new total inventory cost. cost of ordering goes up per item. On the other hand, with large inventories, the cost to store or carry the inventory goes up as more space and facilities are needed. With small orders, less space and fewer facilities are needed, so the cost to carry the inventory goes down. The EOQ model lets us estimate the happy medium between the small orders and large orders. 2xSxOC EOQ = CC Total inventory cost is the sum of the total annual carrying cost and the total annual ordering chat. At the EOQ (the optimal order quantity), the total annual carrying cost equals the total annual ordering cost. So, the optimal order quantity for Tinnendo, Inc. is computed as follows: 2x4,000,000 x $375 EOQ= = 223,607 zen-zens $0.06 The optimal order quantity for Tinnendo, Inc. is 223,607 zen-zens (rounded to the nearest unit). Press Continue to see more. 3-15 (similar to) Question H 0 View an Example Tic tol nne he bun Question Help Economic order quantity (EOQ). Tinnendo Inc, believes it will sell 4 million zen-zens, an electronic game, this coming year. Note that this figure is for annual sales. The inventory manager plans to order zen-zens 72 times over the next year. The carrying cost is $0.06 per zen-zen per year. The order cost is $375 per order. What are the annual carrying cost, the annual ordering cost, and the optimal order quantity for the zen-zens? Verify your answer by calculating the new total inventory cost. Total inventory cost is the sum of the total annual carrying cost and the total annual ordering cost. At the EOQ (the optimal order quantity), the total annual carrying cost equals the total annual ordering cost. So, the optimal order quantity for Tinnendo, Inc. is computed as follows: 2x4,000,000 x $375 EOQ= = 223,607 zen-zens $0.06 The optimal order quantity for Tinnendo, Inc. is 223,607 zen-zens (rounded to the nearest unit). At the EOQ, the new total annual carrying cost for Tinnendo, Inc. is: $223,607 total annual carrying cost = $0.06 = $6,708 2 The new total annual carrying cost for Tinnendo, Inc. is $6,708. ? Press Continue to see more. Continue Close your 2 parts remaining arts P13-15 (similar to) Question Hel i View an Example nomic invento the anns at is the (Roun Question Help Economic order quantity (EOQ). Tinnendo Inc. believes it will sell 4 million zen-zens, an electronic game, this coming year. Note that this figure is for annual sales. The inventory manager plans to order zen-zens 72 times over the next year. The carrying cost is $0.06 per zen-zen per year. The order cost is $375 per order. What are the annual carrying cost, the annual ordering cost, and the optimal order quantity for the zen-zens? Verify your answer by calculating the new total inventory cost. The optimal order quantity for Tinnendo, Inc. is 223,607 zen-zens (rounded to the nearest unit), At the EOQ, the new total annual carrying cost for Tinnendo, Inc. is: $223,607 total annual carrying cost = $0.06 2 $6.708 The new total annual carrying cost for Tinnendo, Inc. is $6,708, At the EOQ, the new total annual ordering cost for Tinnendo, Inc. is: 4,000,000 total annual ordering cost = $375x = $6,708 $223,607 The new total annual ordering cost for Tinnendo, Inc. is $6,708. New total inventory cost for Tinnendo, Inc. is $13,416 ($6,708 + $6,708), the sum of the total annual carrying cost and the total annual ordering cost. Close Enter your Question is complete All parts showing