le 3 The following information applies to the questions displayed below] Fiber Technology, Inc, manufactures glass fibers used in the c cansetes that t costs $i69 to place and receve a ypical order of xl. 20. The annual cost of storing xL 20 5.90 per of 3 3. what is the total annual cost of ordering and storing XL-20 at the economic order quantity? 4. How many orders will be placed per year? t of storing XL-20, i was $38.20 per canister. Turnbull then met with Doug Kaplan, Fiber concluded that the cost of placing an order for XL-20 could be reduced to just $39. Using these new cost estimates, Turnbull computed the new EOQ for XL-20. b. How many orders will be placed per year? Use the EOQ to [The following information applies to the questions displayed below] Fiber Technology, Inc., manufactures glass fibers used in the communications industry. The company's materials and parts manager is currently revising the inventory policy for XL-20, one of the chemicals used in the production process. The chemical is purchased in 10-pound canisters for $114 each. The firm uses 5,600 canisters per year. The controller estimates that it costs $169 to place and receive a typical order of XL-20. The annual cost of storing XL-20 is $5.90 per canister Required: 2 Use the EOQ formula to determine the optimal order quantity 3. What is the total annual cost of ordering and storing XL-20 at the economic order quantity? 4. How many orders will be placed per year? 5. Fiber Technology's controller, Jay Turnbull, recently attended a seminar on JIT purchasing. Afterward he analyzed the cost of storing XL-20, including the costs of wasted space and inefficiency. He was shocked when he concluded that the real annual holding cost was $38.20 per canister. Turnbull then met with Doug Kaplan, Fiber Technology's purchasing manager. Together they contacted Reno Industries, the supplier of XL-20, about a JIT purchasing arrangement. After some discussion and negotiation, Kaplan concluded that the cost of placing an order for XL-20 could be reduced to just $39. Using these new cost estimates, Turnbull computed the new EOQ for XL-20. a. Use the equation approach to compute the new EOG b. How many orders will be placed per year? Complete this question by entering your answers in the tabs below What is the total annual cost of ordering and storing XL-20 at the economic order quantity? (Round intermediate calculations and final answer to nearest whole number.) Required 4 > (The following information applies to the questions displayed below 2 Fiber Technology, Inc., manufactures glass fibers used in the communications industry. The company's materials and parts manager is currently revising the inventory policy for XL-20, one of the chemicals used in the production process. The chemical is purchased in 10-pound canisters for $114 each. The firm uses 5,600 canisters per year. The controller estimates that it costs $169 to place and receive a typical order of XL-20. The annual cost of storing XL-20 is $5.90 per canister art 1 of 3 Required 2 Use the EOQ formula to determine the optimal order quantity 3. What is the total annual cost of ordering and storing XL-20 at the economic order quantity? 4. How many orders will be placed per year? 5. Fiber Technology's controller, Jay Turnbull, recently attended a seminar on JIT purchasing. Afterward he analyzed the cost of storing XL-20, including the costs of wasted space and inefficiency. He was shocked when he concluded that the real annual holding cost was $38.20 per canister. Turnbull then met with Doug Kaplan, Fiber Technology's purchasing manager. Together they contacted Reno Industries, the supplier of XL-20, about a JIT purchasing arrangement. After some discussion and negotiation, Kaplan concluded that the cost of placing an order for XL-20 could be reduced to just $39. Using these new cost estimates, Turnbull computed the new EOQ for XL-20 a. Use the equation approach to compute the new EOQ b. How many orders will be placed per year? References Complete this question by entering your answers in the tabs below. How many orders will be placed per year? (Round int estimates that it costs $169 to place and receive a typical order of XL-20. The annual cost of storing XL-20 is $5.90 per canister 2 Required: 2 Use the EOQ formula to the optimal order quantity Part 1 of 3 3. What is the total annual cost of ordering and storing XL-20 at the economic order quantity? 4. How many orders will be placed per year? 5. Fiber r, Jay Turnbull, recently a XL-20, including the costs of wasted space and inefficiency. He was shocked when he was $38.20 per canister Turnbull then met with Doug Kaplan, Fiber Technology's purchasing manager. Together they contacted concluded that the real annual holding cost of XL-20, about a JIT purchasing arrangement. After some discussion and negotiation, Kaplan concluded that the cost of placing an order for XL-20 could be reduced to just $39. Using these new cost estimates, Turnbull computed the new EOQ for XL-20 o. Use the equation approach to compute the new EOQ b. How many orders will be placed per year? Complete this question by entering your answers in the tabs below Afterward he analyzed the storing XL-20, including the costs of wasted space and i holding cost was $38.20 per they contacted Reno Indu cost of He was shocked when he concluded that the real annual canister. Turnbull then met with Doug Kaplan, Fiber Technology's purchasing manager. Together ency. concluded that the cost of placing an order for XL-20 could be reduced to just $39.00. Using these nevw cost estimates, Turnbull computed the new EOQ for XL-20 a. Use the equation approach to compute the new EOQ. (Round your answer to b. How many orders will be placed per year? (Round your answer to nearest whole number.)
