A toy manufacturer uses approximately 32,000 silicon chips annually. The chips are used at a steady rate during the 240 days a year that the plant operates. The annual holding cost is 60 cents per chip, and the ordering cost is $24. What is the number of workdays in an order cycle?

A toy manufacturer uses approximately 32,000 silicon chips annually. The chips are used at a steady rate during the 240 days a year that the plant operates. The annual holding cost is 60 cents per chip, and the ordering cost is $24. What is the number of workdays in an order cycle?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter17: Activity Resource Usage Model And Tactical Decision Making

Section: Chapter Questions

Problem 6E: Elliott, Inc., has four salaried clerks to process purchase orders. Each clerk is paid a salary of...

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Question

What is the number of workdays in an order cycle?

A toy manufacturer uses approximately
32,000 silicon chips annually. The chips
are used at a steady rate during the 240
days a year that the plant operates. The
annual holding cost is 60 cents per chip,
and the ordering cost is $24.
What is the number of workdays in an
order cycle?

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