Problem 10: Order Point Irvin Corp has developed the following figures to assist in controlling Material: Minimum daily use Normal daily use Maximum daily use Working days per year Lead time in working days Safety stock Cost of placing an order EOQ Required: Compute the following: 2. Order Point 3. Average inventory 5. Absolute maximum inventory 6. Carrying cost per unit for one year. 300 units 400 units 460 units 250 days 10 ? units P80 4,000 units one of the
Problem 10: Order Point Irvin Corp has developed the following figures to assist in controlling Material: Minimum daily use Normal daily use Maximum daily use Working days per year Lead time in working days Safety stock Cost of placing an order EOQ Required: Compute the following: 2. Order Point 3. Average inventory 5. Absolute maximum inventory 6. Carrying cost per unit for one year. 300 units 400 units 460 units 250 days 10 ? units P80 4,000 units one of the
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints
Section: Chapter Questions
Problem 2CE: Sterling Corporation has an EOQ of 5,000 units. The company uses an average of 500 units per day. An...
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