Which of the following is NOT anassumption of the continuous review model in inventory control? A. Demand
Question:
Which of the following is NOT anassumption of the continuous review model in inventory control?
A. | Demand is uncertain. | |||||||||||||||||||||||||
B. | An order is placed whenever the inventory position drops to thereorder point. | |||||||||||||||||||||||||
C. | It takes time to receive an order. | |||||||||||||||||||||||||
D. An order is placed when there is zero inventory in thesystem.
Suppose a supplier offers an incremental quantity discount for aproduct. The supplier charges $10 per unit for the first 1,000units in an order, $8 per unit for the next 1,000 units, and $7 perunit for any additional units in the order. What is the averagecost per unit of an order of 4,000 units? Find the closestvalue.
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Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws