Don't use ai given answer accounting questions Calculate the re-order point (R) if theaverage daily demand is 75 units, lead timeis 8 days, and current inventory is 800 units.Assume no safety stock.

Step 1: Definition of Re-order Point (R)The re-order point is the inventory level at which a new…

Answered: Calculate the re-order point (R) if the…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 1PA: When prices are rising (inflation), which costing method would produce the highest value for gross...

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Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply Available Regular Time Demand Period Overtime Subcontract Forecast 30 15 15 40 35 15 15 55 3 30 15 15 45 Initial inventory Regular-time cost per unit Overtime cost per unit Subcontract cost per unit Carrying cost per unit per month 20 units $100 $160 $200 $4 Assume that the initial inventory has no holding cost in the first period and backorders are not permitted. Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is $ (enter your response as a whole number). Enter your answer in the answer box and then click Check Answer.
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Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. Item cost Order cost Annual holding cost (N) Annual demand Average demand $ 11.00 $257.00 33 26,600 532 Standard deviation of weekly denand Lead time Service probability 30 units /order % of item cost units /week 2 week 98% a. Determine the order quantity and reorder point. (Use Excel's NORMSINV( ) function to find your z-value and then round that z- value to 2 decimal places. Do not round any other intermediate calculations. Round your final answers to the nearest whole number.) Optimal order quantity units units Reorder point b. Determine the annual holding and order costs. (Do not round any intermediate calculations. Round your final answers to 2 decimal places.) Holding cost Ordering cost C. Assume a price break of $60 per order was offered for purchase quantities of 2,000 units per order. If you took advantage of this price break, how much would you save annually? (Do…
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Calculate Inventory Carrying Cost (ICC) using the information below. annual demand ordering cost per order inventory carrying cost percentage leadtime unit value #days in the period. EOQ 1000 $75 20% 3 days $30 360 158
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3. The Inventory Company' data are as follows: Average re-order period Optimum number of orders per year Average daily usage Cost to store one unit per year Cost of stock out per unit per time` Usage during re-order period 80 90 100 115 125 150 175 Frequency 4 6 10 35 20 15 10 25 days 10 per year 4 units $5 P20 0
Please correct answer and don't use hend raiting
PLEASE ANSWER THE REQUIRED 1,2,3,4,5

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Calculate the re-order point (R) if the average daily demand is 75 units, lead time is 8 days, and current inventory is 800 units. Assume no safety stock.