Homework 8C

Question 1 1

/ 1 point

Cheeseburger and Taco Company purchases 5,064 boxes of

cheese each year. It costs $26 to place and ship each order and $7.18 per year

for each box held as inventory. The company is using Economic Order Quantity

model in placing the orders.

Calculate Economic

Order Quantity.

Round the answer to the whole number.

Question 2 1

/ 1 point

Cheeseburger and Taco Company purchases 9,206 boxes of

cheese each year. It costs $23 to place and ship each order and $7.35 per year

for each box held as inventory. The company is using Economic Order Quantity model

in placing the orders.

What is the average

inventory held during the year?

Round the answer to the whole number

Question 3 1

/ 1 point

Cheesburger and Taco Company purchases 8,662 boxes of cheese

each year. It costs $17 to place and ship each order and $5.84 per year for

each box held as inventory. The company is using Economic Order Quantity model

in placing the orders.

How many orders will

be placed each year? Round the answer to the whole number

Question 4 1

/ 1 point

Cheeseburger and Taco Company purchases 13,299 boxes of

cheese each year. It costs $30 to place and ship each order and $6.68 per year

for each box held as inventory. The company is using Economic Order Quantity

model in placing the orders.

What is the annual carrying costs of post card inventory.

Round the answer to two decimals.

Question 5 1

/ 1 point

Cheeseburger and Taco Company purchases 6,541 boxes of

cheese each year. It costs $26 to place and ship each order and $7.23 per year

for each box held as inventory. The company is using Economic Order Quantity

model in placing the orders.

What is the annual ordering cost of the post card inventory.

Round the answer to two decimas.

Question 6 1

/ 1 point

Cheeseburger and Taco Company purchases 14,145 boxes of

cheese each year. It costs $11 to place and ship each order and $9.59 per year

for each box held as inventory. The company is using Economic Order Quantity

model in placing the orders.

What is the annual total costs of post card inventory.

Round the answer to two decimals.

Question 7 1

/ 1 point

Appliance for Less is a local appliance store. It costs this

store $27.34 per unit annually for storage, insurance, etc., to hold microwave

in their inventory. Sales this year are anticipated to be 401 units. Each order

costs $71. The company is using Economic Order Quantity model in placing the

orders.

It takes

approximately 2 day(s) to receive an order after it has been placed. If the

store insists on a 4 day(s) safety stock (assume 365-days a year), what should

the inventory level be when a new order is placed?

(Round the answer to the whole number)

Question 8 1

/ 1 point

Appliance for Less is a local appliance store. It costs this

store $21.55 per unit annually for storage, insurance, etc., to hold microwave

in their inventory. Sales this year are anticipated to be 616 units. Each order

costs $91. The company is using Economic Order Quantity model in placing the

orders.

What is the average inventory held during the year including

safety stock if the store insists on a 1 days safety stock (assume 365 days a

year)?

(Round the answer to

the whole number)