Chester’s a local butchery expects to sell 419 675 kilograms of meat for the year 2022. Carrying costs are R 16.25 per unit and order costs are R 33.55. The organization works 310 Days per year. Determine the length of the order cycle.
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Chester’s a local butchery expects to sell 419 675 kilograms of meat for the year 2022. Carrying costs are R 16.25 per unit and order costs are R 33.55. The organization works 310 Days per year.
Determine the length of the order cycle.
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- Chester’s a local butchery expects to sell 419 675 kilograms of meat for the year 2022. Carrying costs are R 16.25 per unit and order costs are R 33.55. The organization works 310 Days per year. Determine the number of orders per yearA local distributor for a national tire company expects to sell approximately 9,600 steel-belted radial tires of a certain size and tread design next year. Annual carrying costs are $16 per tire, and ordering costs are $75. The distributor operates 288 days a year. Determine the EOQ How many times per year does the store reorder? Determine the length of an order cycleThe following data is available for Wheels ‘N Spokes Repair Shop for 2022: Repair technicians’ wages $360,000 Fringe benefits 80,000 Overhead 60,000 Total $500,000 The desired profit margin is $40 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5,000 labor hours will be worked in 2022. Wheels ‘N Spokes’ labor charge per hour in 2022would be Group of answer choices $112. $140. $100. $128.
- Customers at furniture store demand an average of 6,000 bookcases per year. Each time an order is placed, an ordering cost of $300 is incurred. The annual holding cost for a single desk is 25% of the $200 cost of a bookcase. Assume that the lead time to receive an order is one week. a) Each time an order is placed, how many bookcases should be ordered? b) What is the cycle time, T? c) How many orders should be placed each year? d) Determine the total annual costs of meeting the customers' demands for bookcases.A hardware store sells paint that has a demand of 9,706 gallons per year. The store purchases the paint from a supplier for 11.2 dollars per gallon The unit holding cost per year is 24 percent of the unit purchase cost. while the ordering cost is 175 dollars per order. The paint supplier has a lead time of 10 days. What is the annual ordering cost if the store uses the order quantity of 2,103 gallons per order? Assume EOQ model is appropriate. Use at least 4 decimal places.A large bakery buys sugar in 50-kg bags. The bakery uses an average of 1,344 bags a year. Preparing an order and receiving a shipment of sugar involves a cost of $135. Annual carrying costs are $630 per bag. The bakery operates 280 days per year. Lead time = 2 weeks. Determine the economic order quantity. What is the average number of bags on hand? When should the bakery order for more sugar? How many times per year will the bakery order for sugar?
- Suppose that a manufacturer plans to produce 78,000 units of product duringa year. A lot of size L, to be determined, is to be made periodically, andevery time a lot is made, it is necessary to set up the appropriate machineryand other production facilities before production starts. The set up cost is thena fixed cost incurred for each lot produced and it is determined as $ 200. Whenproduction commences , the cost of making a unit is constant at $ 7.5 per unit.Inventory cost is to be determined on the basis that it costs $ 0.50 per year tocarry one unit in inventory. Also find how many lots the manufacturerwould make per year and each lot would be produced in how manydays ?.A sport store carries a shoe for men that sells an approximately 3,049 pairs per year. The store purchases the shoes from the manufacturer for $30.2 per pair. The order lead time is 12 days. It costs the store $58 to place and process an order. The annual carrying charge is 24 percent. Assume EOQ model is appropriate and 360 days a year. If the store uses an order quantity of 276 units per order, what is the annual ordering cost? Use at least 4 decimal places.A plastic manufacturing company that makes four major products seeks to expand its operationsin the coming year. At the beginning of the financial year, the company must decide on which offour new machines A, B, or C to purchase to be able to meet total annual demand. Each machineoperates 14 hours a day, 360 days a year. Machine A costs GH¢43,000, machine B costsGH¢37,500 and machine C costs GH¢75,000. The following product forecasts and processing times have been projected: Demand, units/year Processing times per Unit (Minutes) Product Machine A Machine B Machine CPenholders 16,000 5 3 6Bowls 14,000 4 3 5Cups 6,000 6 5 7Carrier Bags 24,000 3…
- The following data is available for Chattanooga Spokes 'N Wheels Repair Shop for 2022: Repair technicians' wages $360,000 Fringe benefits Overhead Total 80,000 60,000 $500,000 The desired profit margin is $40 per labor hour. The material loading charge is 40% of parts invoice cost. It is estimated that 5,000 labor hours will be worked in 2022. In March 2022, Spokes 'N Wheels repairs a bicycle that takes two hours to repair and uses parts of $240. The bill for this repair would be Enter the amount to two decimal places. Dollar sign not needed.A plastic manufacturing company that makes four major products seeks to expand its operations in the coming year. At the beginning of the financial year, the company must decide on which of four new machines A, B, or C to purchase to be able to meet total annual demand. Each machine operates 14 hours a day, 360 days a year. Machine A costs GH¢43,000, machine B costs GH¢37,500 and machine C costs GH¢75,000. The following product forecasts and processing times have been projected: Demand, units/year Processing times per Unit (Minutes) Product Machine A Machine B Machine CPenholders 16,000 5 3 6Bowls 14,000 4 3 5Cups 6,000 6 5 7Carrier Bags 24,000 3…You have developed the following estimates for procuring an item for your manufacturing operations:? is 3,600 units yearly (10 units per day)? is ₱25 per item? is ₱35 per order? is 25% annuallyThe following two (2) options are available for you:Option 1: the supplier can supply all items at once.Option 2: The supplier can supply 15 items per day.Based on the information you have, which of the above options would you prefer?