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The Talbot Company uses electrical assemblies to produce an array of small appliances. One of the assemblies, the XO-01, has an estimated annual demand of 11,000 units. The cost to place an order for these assemblies is $500, and the holding cost for each assembly unit is approximately $20 per year. The company has 320 workdays per year. What is the economic order quantity (EOQ) for the XO-01? (Round your answer to the nearest whole unit.) The EOQ is units. What is the annual inventory holding cost of the XO-01 if Talbot Co. uses the EOQ for orders? (Round your answer to the nearest cent, i.e., two decimal places.) The annual inventory holding cost is $ per year. If they use the EOQ for orders, what is the cycle length (time between orders) for the XO-01? (Round your answer to the nearest whole number of workdays.) The cycle length is workdays.

The Talbot Company uses electrical assemblies to produce an array of small appliances. One of the assemblies, the XO-01, has an estimated annual demand of 11,000 units. The cost to place an order for these assemblies is $500, and the holding cost for each assembly unit is approximately $20 per year. The company has 320 workdays per year. What is the economic order quantity (EOQ) for the XO-01? (Round your answer to the nearest whole unit.) The EOQ is units. What is the annual inventory holding cost of the XO-01 if Talbot Co. uses the EOQ for orders? (Round your answer to the nearest cent, i.e., two decimal places.) The annual inventory holding cost is $ per year. If they use the EOQ for orders, what is the cycle length (time between orders) for the XO-01? (Round your answer to the nearest whole number of workdays.) The cycle length is workdays.

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...
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The Talbot Company uses electrical assemblies to produce an array of small appliances. One of the assemblies, the XO-01, has an estimated annual demand of 11,000 units. The cost to place an order for these assemblies is $500, and the holding cost for each assembly unit is approximately $20 per year. The company has 320 workdays per year. What is the economic order quantity (EOQ) for the XO-01? (Round your answer to the nearest whole unit.) The EOQ is units. What is the annual inventory holding cost of the XO-01 if Talbot Co. uses the EOQ for orders? (Round your answer to the nearest cent, i.e., two decimal places.) The annual inventory holding cost is $ per year. If they use the EOQ for orders, what is the cycle length (time between orders) for the XO-01? (Round your answer to the nearest whole number of workdays.) The cycle length is workdays. Q MacBook Pro 5+ Time Remaining: 00:19:58 A + Next
Transcribed Image Text:The Talbot Company uses electrical assemblies to produce an array of small appliances. One of the assemblies, the XO-01, has an estimated annual demand of 11,000 units. The cost to place an order for these assemblies is $500, and the holding cost for each assembly unit is approximately $20 per year. The company has 320 workdays per year. What is the economic order quantity (EOQ) for the XO-01? (Round your answer to the nearest whole unit.) The EOQ is units. What is the annual inventory holding cost of the XO-01 if Talbot Co. uses the EOQ for orders? (Round your answer to the nearest cent, i.e., two decimal places.) The annual inventory holding cost is $ per year. If they use the EOQ for orders, what is the cycle length (time between orders) for the XO-01? (Round your answer to the nearest whole number of workdays.) The cycle length is workdays. Q MacBook Pro 5+ Time Remaining: 00:19:58 A + Next
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