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A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier charges ( $ 8 6 ) per stone, annual

A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier charges \(\$ 86\) per stone, annual carrying costs are \(23\%\), and the cost of processing orders is \(\$ 22\). The jewelry firm operates 250 days per year and their usage rate is 91 stones per day. How many orders per year will be placed for semi-precious stones?Problem 12-14(Algo)
A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $8.30 per stone for quantities of
600 stones or more, $8.70 per stone for orders of 400 to 599 stones, and $9.20 per stone for lesser quantities. The jewelry firm
operates 180 days per year. Usage rate is 35 stones per day, and ordering costs are $40.
a. If carrying costs are $3 per year for each stone, find the order quantity that will minimize total annual cost. (Do not round
intermediate calculations, except for order quantities which should be rounded to the nearest whole number. Round your final
answer to the nearest whole number.)
Optimal order quantity ,400 : , stones
b. If annual carrying costs are 25 percent of unit cost, what is the optimal order size? (Do not round intermediate calculations, except
for order quantities which should be rounded to the nearest whole number. Round your final answer to the nearest whole
number.)
Optimal order quantity
stones
c. If lead time is 4 working days, at what point should the company reorder? (Do not round intermediate calculations. Round your
final answer to the nearest whole number.)
Reorder quantity
stones
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