The number of batches of heating element produced per year. Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

Question

29) XYZ Company The XYZ Company uses 175 handles per day. The company operates 300 days per year. It costs $2.00 to carry one handle in inventory for one year. When handle inventory is low, an order is sent to the fabrication department to manufacture more handles. Fabrication can produce handles at a rate of 1500 per day and send the handles over to assembly while production is in progress. The setup for each production run costs $500. In order to calculate the EOQ, the XYZ company utilizes the __________ model. Group of answer choices a) Basic EOQ b) Production Quantity c) Optimal Production

Answer 1

Question

Chapter 12, Problem 12P

a)

Summary Introduction

To determine: The number of batches of heating element produced per year.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

b)

Summary Introduction

To determine: The inventory on hand.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

c)

Summary Introduction

To determine: The average inventory.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

d)

Summary Introduction

To explain: Whether there is adequate time to do the job between the production batches.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

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29) XYZ Company The XYZ Company uses 175 handles per day. The company operates 300 days per year. It costs $2.00 to carry one handle in inventory for one year. When handle inventory is low, an order is sent to the fabrication department to manufacture more handles. Fabrication can produce handles at a rate of 1500 per day and send the handles over to assembly while production is in progress. The setup for each production run costs $500. In order to calculate the EOQ, the XYZ company utilizes the __________ model. Group of answer choices a) Basic EOQ b) Production Quantity c) Optimal Production

30) XYZ Company The XYZ Company uses 175 handles per day. The company operates 300 days per year. It costs $2.00 to carry one handle in inventory for one year. When handle inventory is low, an order is sent to the fabrication department to manufacture more handles. Fabrication can produce handles at a rate of 1500 per day and send the handles over to assembly while production is in progress. The setup for each production run costs $500. Assume the XYZ company orders 9,000 handles at a time (not necessarily the economic order quantity). The order receipt period = _____ days. Group of answer choices a) 6.0 b) 5.8 c) 30.0 d) 51.4 e) 50.0

Which of the following is ‘data’? i. Number of items in inventory in the store were 3,000 ii. Value of items in the store was OMR 5,000 iii. Total items with value OMR 1,500 to OMR 3,000 were 500

Answer 2

Question

Chapter 12, Problem 12P

a)

Summary Introduction

To determine: The number of batches of heating element produced per year.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

b)

Summary Introduction

To determine: The inventory on hand.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

c)

Summary Introduction

To determine: The average inventory.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

d)

Summary Introduction

To explain: Whether there is adequate time to do the job between the production batches.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

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Answer 3

Question

Chapter 12, Problem 12P

a)

Summary Introduction

To determine: The number of batches of heating element produced per year.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

b)

Summary Introduction

To determine: The inventory on hand.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

c)

Summary Introduction

To determine: The average inventory.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

d)

Summary Introduction

To explain: Whether there is adequate time to do the job between the production batches.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

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Answer 4

Question

Chapter 12, Problem 12P

a)

Summary Introduction

To determine: The number of batches of heating element produced per year.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

b)

Summary Introduction

To determine: The inventory on hand.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

c)

Summary Introduction

To determine: The average inventory.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

d)

Summary Introduction

To explain: Whether there is adequate time to do the job between the production batches.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

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Answer 5

Chapter 12, Problem 12P

a)

Summary Introduction

To determine: The number of batches of heating element produced per year.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

b)

Summary Introduction

To determine: The inventory on hand.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

c)

Summary Introduction

To determine: The average inventory.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

d)

Summary Introduction

To explain: Whether there is adequate time to do the job between the production batches.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

Answer 6

Chapter 12, Problem 12P

a)

Summary Introduction

To determine: The number of batches of heating element produced per year.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

Answer 7

Chapter 12, Problem 12P

a)

Summary Introduction

To determine: The number of batches of heating element produced per year.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

Answer 8

b)

Summary Introduction

To determine: The inventory on hand.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

Answer 9

b)

Summary Introduction

To determine: The inventory on hand.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

Answer 10

c)

Summary Introduction

To determine: The average inventory.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

Answer 11

c)

Summary Introduction

To determine: The average inventory.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

Answer 12

d)

Summary Introduction

To explain: Whether there is adequate time to do the job between the production batches.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

Answer 13

d)

Summary Introduction

To explain: Whether there is adequate time to do the job between the production batches.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

Answer 14

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The number of batches of heating element produced per year. Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

Solution Summary: The author calculates the number of batches of heating element produced per year by dividing the demand with the economic order quantity.

Concept explainers

Videos

To determine: The inventory on hand.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

To determine: The average inventory.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

Chapter 12 Solutions

The number of batches of heating element produced per year. Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

Solution Summary: The author calculates the number of batches of heating element produced per year by dividing the demand with the economic order quantity.

Concept explainers

Videos

To determine: The inventory on hand. Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

To determine: The average inventory. Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

Chapter 12 Solutions

To determine: The inventory on hand.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.

To determine: The average inventory.

Introduction: Inventory is a stock or store of goods. Every company store lots of goods as inventory which will be used during replenishment periods. Management of inventory is so much essential to manage cost and also to reduce cost.