Homework Help is Here – Start Your Trial Now!
Business
Operations Management
Sarah's Organlc Soap Company makes organic liquid soap. One of the raw materlals for her soaps is organic palm oll, She needs 500 kg of palm oll per day on average. The supplier charges a $55 delivery fee per order (which is Independent of the order size) and $5.50 per kg. Serah's annual holding cost is 15 percent. Assume she operates and sells five days per week, 52 weeks per year. 11 If Sarah wants to minimize her annual ordering and inventory a. holding costs, how much palm oll should she purchase with each order (in kg)? 4,163 kgs 01:43:54 (Do not round intermediate calculations.) If Sarah orders 4,250 kg with each order, what would be the $ 3,436 b. annual sum of the ordering and holding costs? (Round your answer to 3 decimal places.) If Sarah orders 8,100 kg with each order, what would be the per GRA

Sarah's Organlc Soap Company makes organic liquid soap. One of the raw materlals for her soaps is organic palm oll, She needs 500 kg of palm oll per day on average. The supplier charges a $55 delivery fee per order (which is Independent of the order size) and $5.50 per kg. Serah's annual holding cost is 15 percent. Assume she operates and sells five days per week, 52 weeks per year. 11 If Sarah wants to minimize her annual ordering and inventory a. holding costs, how much palm oll should she purchase with each order (in kg)? 4,163 kgs 01:43:54 (Do not round intermediate calculations.) If Sarah orders 4,250 kg with each order, what would be the $ 3,436 b. annual sum of the ordering and holding costs? (Round your answer to 3 decimal places.) If Sarah orders 8,100 kg with each order, what would be the per GRA

Practical Management Science
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...
See similar textbooks
icon
Related questions
Question
Check my work
Final Exam - May 19 Sarah's Organic Soap Company makes organlc liquid soap. One of the raw materlals for her soaps is organic palm ol. She needs 500 kg of palm oll per day on average. The supplier charges a $55 delivery fee per order (which is independent of the order size) and $5.50 per kg. Sarah's annual holding cost is 15 percent. Assume she operates and sells five days per week, 52 weeks per year. 11 If Sarah wants to minimize her annual ordering and Inventory a. holding costs, how much palm oll should she purchase with each order (in kg)? 4,163 kgs 01:43:54 (Do not round intermediate calculations.) If Sarah orders 4,250 kg with each order, what would be the b. annual sum of the ordering and holding costs? $ 3,435 (Round your answer to 3 decimal places.) If Sarah orders 8,100 kg with each order, what would be the C. per 4,223.966 kg sum of the ordering and holding costs per kg sold? (Do not round intermediate calculations, Round your answer to the nearest whole dollar amount.) Sarah's supplier is willing to sell her palm oil at a 5 percent discount If she purchases 15,000 kg at a time. If she were to $ 6,664 d. purchase 15,000 kg per order, what would be her annual sum of the ordering and holding costs? < Prev 11of 16 Next >
Transcribed Image Text:Final Exam - May 19 Sarah's Organic Soap Company makes organlc liquid soap. One of the raw materlals for her soaps is organic palm ol. She needs 500 kg of palm oll per day on average. The supplier charges a $55 delivery fee per order (which is independent of the order size) and $5.50 per kg. Sarah's annual holding cost is 15 percent. Assume she operates and sells five days per week, 52 weeks per year. 11 If Sarah wants to minimize her annual ordering and Inventory a. holding costs, how much palm oll should she purchase with each order (in kg)? 4,163 kgs 01:43:54 (Do not round intermediate calculations.) If Sarah orders 4,250 kg with each order, what would be the b. annual sum of the ordering and holding costs? $ 3,435 (Round your answer to 3 decimal places.) If Sarah orders 8,100 kg with each order, what would be the C. per 4,223.966 kg sum of the ordering and holding costs per kg sold? (Do not round intermediate calculations, Round your answer to the nearest whole dollar amount.) Sarah's supplier is willing to sell her palm oil at a 5 percent discount If she purchases 15,000 kg at a time. If she were to $ 6,664 d. purchase 15,000 kg per order, what would be her annual sum of the ordering and holding costs? < Prev 11of 16 Next >
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Recruitment
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS