Question
Regional Supermarket is open 365days per year. Daily use of cash register tape averages 20 rolls. Usage appears normally distributed with a standard deviation of
Regional Supermarket is open 365days per year. Daily use of cash register tape averages 20 rolls. Usage appears normally distributed with a standard deviation of 5 rolls per day. The cost of ordering tape is $1.50, and carrying costs are 38 cents per roll a year. Lead time is 4 days.
UseTable1andTable2.
a.What is the EOQ?(Round your answer to the nearest whole number.)
b.What ROP will provide a lead time service level of 51.6 percent?(Round up your answer to the nearest whole number.)
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Accounting Information Systems
Authors: Pat Wheeler, Ulric J Gelinas, Richard B Dull
9th Edition
0538469315, 9780538469319
