Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the

image text in transcribed
Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every four weeks. Data for both products are as follows: ITEM Annual demand Holding cost of item cost) Setup or order cost Lead time Safety stock Iton cost TEGDIW 11,000 100 $110.00 4 weeks 65 units $ 15 WIDGET 8,000 200 $10.00 4 week 7 units $ 8 a. What is the reorder quantity and reorder point for Tegdiws? (Round your answers to the nearest whole number.) units Optimal reorder quantity Reorder point units b. What is the inventory control system for Widgets? (Round your answer to the nearest whole number.) Inventory control systor for Widgets (Inventory on hand)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Selected Materials From Managerial Accounting

Authors: Ray H. Garrison

12th Edition

0077331559, 978-0077331559

More Books

Students also viewed these Accounting questions

Question

d. How were you expected to contribute to family life?

Answered: 1 week ago