Required information (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 of 3 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 Now also assume that the lead time required to receive an order of XL-20 is one month ook Required: 1. Assuming stable usage of XL-20 each month, determine the reorder point for XL-20. 3. Suppose that monthly usage of XL-20 fluctuates between 367 and 567 canisters, although annual demand remains constant at 5,600 canisters. What level of safety stock should the materials and parts manager keep on hand for XL-20? What is the new reorder point for the chemical? Complete this question by entering your answers in the tabs below Suppose that monthly usage of XL-20 fluctuates at 5,600 canisters. What level of safety stock should the materials and parts manager keep on hand for XL-20? What is the 367 and 567 canisters, although annual demand remains new reorder point for the chemical? (Round your answer to nearest whole number.) canisters canisters Required information The following information applies to the questions displayed belowJ 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 3 of 3 Now also assume that the lead time required to receive an order of XL-20 is one month. Required: 1. Assuming stable usage of XL-20 each month, determine the reorder point for XL-20 3. Suppose that monthly usage of XL-20 fluctuates between 367 and 567 canisters, although annual demand remains constant at eBook 5,600 canisters. What level of safety stock should the materials and parts manager keep on hand for XL-20? What is the new reorder point for the chemical? Complete this question by entering your answers in the tabs below. eferences Assuming stable usage of XI-20 each month, determine the reorder point for XL-20. (Round your answer to nearest w number.)
