Question
Fullerton IV Company has had a policy of reordering inventory every 30 days. Ordering cost F $10 per order Carrying cost C 20% of purchase
Fullerton IV Company has had a policy of reordering inventory every 30 days.
Ordering cost F $10 per order
Carrying cost C 20% of purchase price
Purchase price P $10 per unit
Total sales per year S 1,000 units
Safety stock 0 Days per year 360
what is the economic order quantity EOQ?
what is the total inventory cost?
how many orders should Fullerton place per year?
what is the average daily usage rate?
if it takes 9 days between when the order is placed and when it is received, what is the reorder point
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
The Euro A Challenge And Opportunity For Financial Markets Routledge International Studies In Money And Banking
Authors: Michael Artis , Elizabeth Hennessy, Axel Weber
1st Edition
0415217105, 978-0415217101
