Question
Complete the following MRP record for both Lot-for-Lot and EOQ lot sizing procedures. EOQ is 35. Average Requirements are 18. Ordering cost is $92 per
Complete the following MRP record for both Lot-for-Lot and EOQ lot sizing procedures. EOQ is 35. Average Requirements are 18. Ordering cost is $92 per order while the carrying or holding cost is $0.50 per unit per period. What are the holding costs and ordering costs for both procedures? Select the closest answer. (LFL holding, LFL ordering / EOQ holding, EOQ ordering)
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
Net requirements | 15 | 19 | 24 | 10 | 10 | 20 | 24 | 24 | 20 | 20 | 10 | 20 |
LFL required receipts | | | | | | | | | | | | |
EOQ required receipts | | | | | | | | | | | | |
a. $100, $1104 / $0, $552
b. $0, $1104 / $100, $552
c. $0, $552 / $100, $552
d. $100,$0 / $0, $1104Step by Step Solution
There are 3 Steps involved in it
Step: 1
b 0...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Document Format ( 2 attachments)
609472a0b81fb_24854.pdf
180 KBs PDF File
609472a0b81fb_24854.docx
120 KBs Word File
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started