Please note that you are supposed to solve all the questions in this file first, and then select the proper choice in this quiz based on your final answers.

Question 6 5 pts What is the total annual c'y'cle-inventoryr cost for the company's current policy? {using EDQ as ordering lot size] {3 $5.4}? {3 $4,931 {3 $5353 0 $4,555 Demand for a large retailer of popular books is constant at 32,000 books per year. The cost of placing an order to replenish stock is $10. and the annual cost of holding is $4 per book. Stock is received 5 working days after an order has been placed. No backordering is allowed. Assume 300 working days a year. Use the above information to answer the following questions. Question 7 5 F What is the optimal order quantity? (EOQ) O 200 O 500 O 400 O 300 Question 8 5 F What is the optimal number of orders per year? (How many times the company should place orders in one year, if EOQ ordering lot size is used). O 90 O 80 O 100 O 70Question 9 What is the optimal interval (in working days) between orders? (TBO) 5.95 2.25 O 3.75 O 6.50 Question 10 What is demand during the lead time? O 271 0 533 O 395 O 652Using a computerized Inventory Management System, an Ice Cream Shop franchise continuously monitors the inventory of all the ice cream located at each of their 15 stores and their distribution warehouse. The Ice Cream Shop franchise sells an average of 32 gallons of Vanilla Ice Cream every week [for 52 weeks per year). They purchase 'v'anilla Ice Cream from their supplier at a price of $2.012) per gallon. It takes 1.25 weeks to receive an orderfrom the supplier. Administrative costs for ordering ice cream have been estimated to be $15 per order. Holding Costs = 20% of the purchase price per gallon per year. Use the above information to answer the following questions. Question 11 10 pts What is the most Economic Order Quantity? 0 125 gallons of ice cream 0 353 gallons of ice cream 0 3'34 gallons of ice cream CI 256 gallons of ice cream Question 12 10 pts What is the optimal interval (in weeks) between orders? (TBO) O 9 weeks 11 weeks O 15 weeks O 5 weeks Question 13 10 pts What is the total annual cycle-inventory cost for the company's current policy? (using EOQ as ordering lot size) O $ 356 O $ 70 O $ 141 O $ 2521) A company is considering using ABC analysis to classify its SKUs into three categories: those that will be delivered daily from their supplier (Class A items), those that will be controlled using a continuous review system (B items), and those that will be held in a two bin system (C items). The following table shows the annual dollar usage for a sample of nine SKUs. Calculate Dollar Usage and rank the SKUs, then assign them to their appropriate category (you can use Excel). Enter your results in the following table. SKU Code Quantity Used per Year Unit Value 1 2400 $1.83 4600 $3.51 1700 $2.16 VIAWN 16600 $2.61 1700 $0.41 6 1100 $0.57 7 55000 $0.01 35000 $0.03 2900 $1.01 Dollar Percentage Cumulative Cumulative Class SKU Quantity Used Unit Usage of Total % of % of SKU Code per Year Value Dollar Value TotalQuestion 1 15 pts A company is considering using ABC analysis to classify its SKUs into three categories: those that will he delivered daily from their supplier {Class A items}. those that will be controlled using a continuous reyiew system {B items}, and those that will he held in a two bin system {C items}. The following table shows the annual dollar usage for a sample of nine SKUs. Quantity Used per Veer Unit'y'alue $1.33 $3.51 $2.16 $2.61 Calculate Dollar Usage and rank the SKUs, then assign them to their appropriate category (you can use Excel). You need to enter your results in a table similar to the following table. Cumulative SKU Quantity Unit Percentage Cumulative Used per Dollar Usage % of Dollar Class Code Value of Total % of SKU Year Value Total Based on your results, which class do the items with SKU Code 2, SKU Code 3, and SKU Code 4 belong to respectively? O A, A, B O B, A, C O A, B, A O A, B, CQuestion 2 What is the annual Dollar Usage value of SKU #3? O $ 4,598 O $ 1,435 O $ 2,568 O $ 3,672 Question 3 What is the total annual Dollar Usage value of all nine SKUs for this company? O $68,896 O $73,389 O $84,969 O $121,485Question 4 5 pts A printing company buys its paper supplies in rolls of 1,500 pounds. The cost per roll is $800, and the annual requirement is 2.500 rolls. Each order costs $50 to process and the annual holding cost per roll is 15% of a roll cost. How many rolls should the company order at a time to minimize its total cycle inventory costs? {EDQ lot size] {3 45.54 C} 52.55 {3. 5031 {3 40.33 Question 5 5 pts If the printing company in the previous question uses EDQ as its ordering lot size, what is the time between orders in days? Assume there are 250 working days in a year. C} 3.3 days If} 6.? days {3 12 days {3 4.6 days