a. b. Tom Yum Goong, a Thai restaurant in SS2 Petaling Jaya is trying to identify...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
a. b. Tom Yum Goong, a Thai restaurant in SS2 Petaling Jaya is trying to identify the optimal order quantity for their special tom yum ingredients. The restaurant predicted that it will sell 440,400 bowls every year at an average selling price of RM6 per bowl. They purchase the ingredients directly from a supplier in Thailand at a rate of RM2.50 per bowl. The costs for storing the ingredients are RM1.30 per bowl. Ordering costs are RM300 per order because it has to be transported from Thailand. Required: Calculate the EOQ (economic order quantity). Calculate the total inventory cost if orders are placed: 1 time (1) (11) (111) (iv) 20 times 30 times 50 times (4 marks) (16 marks) (Total 20: marks) a. b. Tom Yum Goong, a Thai restaurant in SS2 Petaling Jaya is trying to identify the optimal order quantity for their special tom yum ingredients. The restaurant predicted that it will sell 440,400 bowls every year at an average selling price of RM6 per bowl. They purchase the ingredients directly from a supplier in Thailand at a rate of RM2.50 per bowl. The costs for storing the ingredients are RM1.30 per bowl. Ordering costs are RM300 per order because it has to be transported from Thailand. Required: Calculate the EOQ (economic order quantity). Calculate the total inventory cost if orders are placed: 1 time (1) (11) (111) (iv) 20 times 30 times 50 times (4 marks) (16 marks) (Total 20: marks)
Expert Answer:
Answer rating: 100% (QA)
To calculate the Economic Order Quantity EOQ we can use the following formula EOQ 2 Annual Demand Or... View the full answer
Related Book For
Posted Date:
Students also viewed these general management questions
-
A 0.00290 kg air-inflated balloon is given an excess negative charge q = -3.00 x 10-8 C by rubbing it with a blanket. It is found that a charged rod can be held above the balloon at a distance of d =...
-
As the weekly senior management team meeting concluded, Roy Hoffman, president of Covington Meters (Covington) in Cincinnati, Ohio, summarized his frustration with the companys high levels of...
-
Mountain Sports Ltd. is a small, Lethbridge-based social enterprise dedicated to the advancement of outdoor fitness activities for children and adults. This retail store operation is an Alberta...
-
Is informing the consumer about any toxic substances used in the manufacture of a product sufficient to produce an efficient level of toxic substance use for that product? Why or why not?
-
The data on the following page represent the pulse rates (beats per minute) of nine students enrolled in a section of Sullivan's course in Introductory Statistics. Treat the nine students as a...
-
In Problems 2942, use transformations of the graph of y = x 4 or y = x 5 to graph each function. f (x) = (x + 1) 4
-
On July 1, 2000, Pushway Corporation issued 200,000 shares of \($5\) par value common stock in exchange for all of Stroker Companys common stock. This stock had a fair value that was \($200,000\) in...
-
Given the decision tree below for a two-stage (decision) project to enter a joint venture, find the best alternatives (among a1-a6 in the figure) and their expected values. The outcomes shown are...
-
Sorry the picture is upside-down, please help me on how to record the numbers with check in memorandum method because it was a sudden homework our professor gave us. It is about Corporation:...
-
Call center A processed 1.2 million phone orders for a total of 2.4 million items. 50% of the orders are new customers and it takes 7 minutes to set up an order for a new customer. 50% of the orders...
-
. Suppose you are given the following classification task: predict the target Y 2 {0, 1}, given two real valued features X1 2 R and X2 2 R. After some training, you learn the following decision rule:...
-
The deformation of a given soft-tissue test is given by 1.1X 1.2Y = = (a) Find the displacement gradient, deformation gradient, and right stretch tensors. (b) How would the Lagrangian and Cauchy...
-
1. For the following generating functions list all formal products in which the exponent sums to 4. (a) f(x) = (1+r + x 4 ) 2 (1 + x + x) 2 (b) g(x)=(1+x + x + x + x +x + ...) 3. 2. Build a...
-
Monochromatic light at 6 2 5 n m illuminates a diffraction grating with 3 2 5 lines / m m . Determine: ( a ) the angle to the first - order maximum, ( b ) the highest order that can be observed with...
-
The distance of 2 m from point of source of sound the sun level is measured at 8 3 DB. what will be the sound level from a distance of 3 6 m from the source?
-
Consider a six-point sequence x[n] which is only nonzero for 0 n 5 where it takes values = == [0] 1, [1] 0, r[2] = 2, r[3] = 2, x[4] = b, x[5] = 1. The number b (i.e., the value of x[4]) is unknown,...
-
You are considering buying a 10-year bond with a face value of $5,000. It pays a rate of 3% of the face value semiannually. How much would you be willing to pay for the bond now if you want a nominal...
-
Calculate Total Contribution Margin for the same items. Total Revenue Total Variable Costs Total Contribution Margin $50.00 a. $116.00 $329.70 b. $275.00 $14,796.00 $7,440.00 c. $40,931.25 d....
-
The owner of the Burger Doodle Restaurant is considering two ways to expand operations: open a drive-up window or serve breakfast. The increase in profits resulting from these proposed expansions...
-
Select four new models of cars you might like to purchase. Using AHP and your own preferences, rank your selections according to the following criteria: price, style/appearance,...
-
A mobile manufacturer must produce five types of microprocessors. Currently five work centers are available for production. Each work center can produce each type of microprocessor; however, the time...
-
3. For many years, the jacket design for Webster's Ninth New Collegiate Dictionary featured a bright red background. The front was dominated by a "bull's-eye" logo. The center of the bull's-eye was...
-
4. Question: Hey, Paula," a pop hit that spent months on the music charts, was back on the radio 30 years later, but in a form the song's author never intended. Talk-show host Rush Limbaugh played a...
-
5. After Edward Miller left his job as a salesperson at the New England Insurance Agency, Inc., he took some of his New England customers to his new employer. At New England, the customer lists had...
Study smarter with the SolutionInn App