I need to answers and calculations about these questions attached. Thanks! 8. An importer of television sets from the Far East distributes them throughout the EuropeanUnion from four warehouses. Shipments are received monthly, and this month's shipment is130,000 sets. Due to the long lead time, demand and supply for the sets are hard to match. Assuch, an allocation to the warehouse is based on a monthly demand forecast and the service levelfor each warehouse. The inventory records and forecast for the coming month show thefollowing situation:Quantity onhand, setsWarehouseDemandForecast error,Service levelforecast, sets15,000sets17001,00085%1,2002,0003,000220025,00010,00035,00092%3250088%4180090%How should the allocation of the sets be made to the warehouses? 6. The demand for a particular part called SKU 005 is 1,500 units a year. The cost of oneSKU 005 is $64.00. It costs $60.00 to place an order SKU 005, and the user of SKU 005 hasa per year inventory carrying cost of 25% of unit cost. Assume that there are 250 workingdays in the year where SKU 005 is used. Please answer the following three questions,based on this information.What is the combined annual holding and ordering cost of an order size of 200 units for SKU005?How many of SKU 005 should be ordered, to minimize combined ordering and holding cost?Once the purchasing manager for SKU 005 places an order, it always takes the vendor 5 workingdays to deliver that order. What should the purchasing manager's reorder point be?7. If the cost of overstocking is equal to the cost of understocking and average demand is220 units with a standard deviation of 80 units, what would be the optimal newsvendorquantity?

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8. An importer of television sets from the Far East distributes them throughout the European Union from four warehouses. Shipments are received monthly, and this month's shipment is 130,000 sets. Due to the long lead time, demand and supply for the sets are hard to match. As such, an allocation to the warehouse is based on a monthly demand forecast and the service level for each warehouse. The inventory records and forecast for the coming month show the following situation: Quantity on hand, sets 700 Warehouse Demand Forecast error, Service level forecast, sets 15,000 25,000 10,000 35,000 sets 1 85% 200 2500 1800 1,000 1,200 2,000 3,000 92% 3 88% 4 90% How should the allocation of the sets be made to the warehouses?

8. An importer of television sets from the Far East distributes them throughout the European Union from four warehouses. Shipments are received monthly, and this month's shipment is 130,000 sets. Due to the long lead time, demand and supply for the sets are hard to match. As such, an allocation to the warehouse is based on a monthly demand forecast and the service level for each warehouse. The inventory records and forecast for the coming month show the following situation: Quantity on hand, sets 700 Warehouse Demand Forecast error, Service level forecast, sets 15,000 25,000 10,000 35,000 sets 1 85% 200 2500 1800 1,000 1,200 2,000 3,000 92% 3 88% 4 90% How should the allocation of the sets be made to the warehouses?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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