please solve all parts within 30 minutes... A jewelry firms buys semiprecious stones tomake bracelets and rings. The supplier quotes aprice of RM32 per stone. The jewelry firmsoperates 200 days per year. Usage rate is 25stones per day and the supplier delivers 40stones daily to the firm. The ordering costs areRM192.The annual costs to carry the stones are30% of unit cost.Based on the above information, you arerequired to answers the following questions:i) Determine the optimal order size.ii) Compute the total annual costs if the firmorder at optimal sizeiii) Based on past records, the supplier spends 4working days in average to deliver the stones.Determine the point should the firm reorder.

From the above given information, Number of operating days, d= 200 days Unit price, u =RM 32 per…

Answered: A jewelry firms buys semiprecious…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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