Maxmin Trading Company buys 1,000 pcs of chair per month. The cost per chair is Php500 and ordering cost is Php400. The inventory carrying cost is estimated at 10% of the price of the chair. Determine the total carrying cost
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Maxmin Trading Company buys 1,000 pcs of chair per
month. The cost per chair is Php500 and ordering cost is Php400. The inventory
carrying cost is estimated at 10% of the price of the chair. Determine the total carrying cost
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- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.Maxmin Trading Company buys 1,000 pcs of chair per month. The cost per chair is Php500 and ordering cost is Php400. The inventory carrying cost is estimated at 10% of the price of the chair. Determine the number of orders required per yearMGR Corporation sells table napkins. These are sold by dozen per package for Php 20. They sell 2,000 packages per month. Each package sells at Php 10 and requires 6 days lead time from date of order to date of delivery. The ordering cost is at Php 1.20 and the carrying cost is 10% per annum. a. Assuming that the present inventory level is 200 packages and there is no safety stock, when is the next order placed (use 360 days/year)
- A local TV repairs shop uses 36,000 units of a part each year (A maximum consumption of 100 units per working day). It costs RM20 to place and receive an order. The shop orders in lots of 400 units. It cost RM4 to carry one unit per year of inventory. Calculate total annual ordering cost Calculate total annual carrying cost Calculate total annual inventory cost Calculate the Economic Order Quantity Calculate the total annual cost inventory cost using EOQ inventory Policy How much is the saving if using EOQ? Compute re-ordering point assuming the lead time is 3 days.Combate uses 100,000 units of Material X Annually I its production. Ordering cost consists of P1,000 for placing a long distance call o make the order and P4,000 for delivering the order to the company warehouse. Each material cost P10,000 and the carrying costs are estimated at 15.625% of the inventory cost. Whats is the total ordering cost?1. Maxmin Trading Company buys 1,000 pcs of chair per month. The cost per chair is Php500 and ordering cost is Php400. The inventory carrying cost is estimated at 10% of the price of the chair. Determine the EOQ.
- ABC Company sells a number of products to many restaurants. One product is a special meat cutter with a disposable blade. Blades are sold in a package of P12 at P20 per package. It has ben determined that the demand for the replacement blades is at constant rate of P2,000 packages per month. The packages cost the company P10 each from the manufacturer. The ordering cost is P1.20 per order, and the carrying costs is 10% per year. Compute the Economic Order Quantity.Explain the differences between inventory carrying costs and ordering costs.Combate uses 100,000 units of Material X Annually I its production. Ordering cost consists of P1,000 for placing a long distance call o make the order and P4,000 for delivering the order to the company warehouse. Each material cost P10,000 and the carrying costs are estimated at 15.625% of the inventory cost. What is the total carrying cost?
- A large hospital buys a specialized, single use medical grade plastic container for its use in the Operation Theaters. The plastic containers are available from a few suppliers and one unit of the box costs Rs. 2,000. The surgical sections (including the operating theaters) in the hospital work for 250 days a year and the daily consumption rate is four boxes. The suppliers take 7 working days to replenish an order. The ordering cost is Rs. 2,000 per order and the carrying cost is 20 percent. The hospital has been utilizing an Economic Order Quantity (EOQ) model for inventory planning with respect to these boxes. The supplier has of late introduced a Minimum Order Quantity (MOQ) restriction for all its buyers based on some internal exercise. The MOQ is 150 boxes. In the meantime, the hospital plans to launch some improvement initiatives. This will bring down the ordering cost by 20 percent. The hospital may need to spend a sum of Rs. 10,000 towards these initiatives. A new supplier is…Please do not give solution in image format thanku Carousel Restaurant in Coquitlam is using perpetual inventory control method. Determine the reorder quantity of chickpeas cans if the par stock is 25 cans, delivery takes 5 days, the daily usage is 2 cans and the desired safety factor is 1.5 a. 10 b. 20 c. 25 d. 15MGR Corporation sells table napkins. These are sold by dozen per package for Php 20. They sell 2,000 packages per month. Each package sells at Php 10 and requires 6 days lead time from date of order to date of delivery. The ordering cost is at Php 1.20 and the carrying cost is 10% per annum. Find the following: a) EOQ b) The number of orders per year c) The total cost of buying and carrying the table napkins for the year d) Assuming that the present inventory level is 200 packages and there is no safety stock, when is the next order placed (use 360 days/year)