Question
PLEASE HELP URGENT. PREVIOUS ANSWERS ARE WRONG. Q 1. One of the products sold by OfficeMax is a Hewlett-Packard LaserJet Z99 printer. As purchasing manager,
PLEASE HELP URGENT. PREVIOUS ANSWERS ARE WRONG.
Q 1. One of the products sold by OfficeMax is a Hewlett-Packard LaserJet Z99 printer. As purchasing manager, you have the following information for the printer:
A. EOQ is 22 (Enter your response rounded to the nearest whole number). B. The annual ordering cost and holding cost is _____ (Enter your response rounded to the nearest dollar). C. Suppose OfficeMax orders 280 printers at a time. OfficeMax would pay $____ less in holding cost per year if it ordered just 28 printers at a time. (Enter your response rounded to the nearest dollar). D. The reorder point for the printer is ____ printers. (Round your answers to the nearest whole number.) The safety stock for the printer is ____. (Round your answer to the nearest whole number).
E. Use the following formula to consider the impact of safety stock (SS) on average inventory levels and annual holding costs: (Q/2 +SS) + H. The annual inventory holding cost, including the safety stock, is $____. (Enter your response rounded to the nearest dollar).
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