Question: Use the information below to answer the 10 quantity discount problems that follow. A company uses 6,000 widgets a year. Order costs are $75 and
Use the information below to answer the 10 quantity discount problems that follow. A company uses 6,000 widgets a year. Order costs are $75 and carrying costs are 30 percent of the purchase price. The price breakdown is as follows: 1-999 $0.90 1,000-2,999 $0.85 3,000+ $0.80 Calculate the order quantity and use that information to answer the questions that follow. Question 26 (1 point) 4) Listen What is the Q value for the 1-999 price category as calculated by the equation before it is adjusted for feasibility? Round your answer to a whole number. Your Answer: Question 27 (1 point) 4) Listen What is the Q value for the 1,000-2,999 price as calculated by the equation before it is adjusted for feasibility? Round your answer to a whole number. Your Answer: Answer Question 28 (1 point) Listen What is the Q value for the 3,000+ price as calculated by the equation before it is adjusted for feasibility? Round your answer to a whole number. Your Answer: Question 29 (1 point) Listen What is the feasible Q value for the 1-999 price category? Round your answer to a whole number. Your Answer: Answer Question 30 (1 point) 4) Listen What is the feasible Q value for the 1,000-2,999 price category? Round your answer to a whole number. Your Answer: Answer Question 31 (1 point) 4) Listen What is the feasible Q value for the 3,000+ price category? Round your answer to a whole number. Your Answer: Answer Question 32 (1 point) 4) Listen What is the total cost for the 1-999 price category? Be sure to include the purchase cost in your calculations. Round your answer to a whole number. Your Answer: Question 33 (1 point) 4) Listen What is the total cost for the 1,000-2,999 price category? Be sure to include the purchase cost in your calculations. Round your answer to a whole number. Your Answer: Answer Question 34 (1 point) Listen What is the total cost for the 3,000+ price category? Be sure to include the purchase cost in your calculations. Round your answer to a whole number. Your Answer: Question 35 (2 points) Listen Based on your calculations, what is the order quantity that minimizes cost? Your Answer: Answer Question 36 (5 points) Listen Annual demand is 2,700. the price of one unit is $2.01, the order quantity is 90, the holding cost per unit per year is $0.30, and the order cost is $65. What is the total annual cost? Round your answer to a whole number Your Answer: Question 37 (5 points) Listen Annual demand is 2,420. the price of one unit is $2.48, the order quantity is 110, the holding cost per unit per year is $0.34, and the order cost is $55. What is the total cost of inventory, a.k.a. total stocking cost? Round your answer to a whole number Your Answer: Answer Question 38 (3 points) Listen A distributor expects to sell about 10,230 widgets next year. Annual carrying cost is $13 per widget. Order costs are $110. They operate 288 days a year. What is the EOQ? Round your answer to a whole number