The Crazy Mart operates a chain of supermarkets. Its best-selling soft drink is Fruitslice. Demand (D) in April for Fruitslice at its Windsor supermarket is estimated to be 7,400 cases (24 cans in each case). In March, the Windsor supermarket estimated the ordering costs per purchase order (P) for Fruitslice to be $38. The carrying costs (C) of each case of Fruitslice in inventory for a month were estimated to be $1.30. At the end of March, the Windsor Crazy Mart reestimated its carrying costs to be 1.90 per case per month to take into account an increase in warehouse-related costs. (Click the icon to view additional information.) Required Requirement 1. Calculate the economic order quantity in April for Fruitslice. Use the EOQ model, and assume in turn that (a) D = 7,400; P = $38; C = $1.30. Begin by selecting the formula used to calculate EOQ. (D = Demand in units for one month, P = Ordering cost per purchase order, C = Carrying cost of one unit in stock for one month, Q = Any order quantity) 2DP EOQ = (Round your answer up to the next whole case.) The EOQ for (a) is cases. The Crazy Mart operates a chain of supermarkets. Its best-selling soft drink is Fruitslice. Demand (D) in April for Fruitslice at its Windsor supermarket is estimated to be 7,400 cases (24 cans in each case). In March, the Windsor supermarket estimated the ordering costs per purchase order (P) for Fruitslice to be $38. The carrying costs (C) of each case of Fruitslice in inventory for a month were estimated to be $1.30. At the end of March, the Windsor Crazy Mart reestimated its carrying costs to be 1.90 per case per month to take into account an increase in warehouse-related costs. (Click the icon to view additional information.) Required Requirem Begin by (D = Dema Data table During March, Crazy Mart restructured its relationship with suppliers. It reduced the number of suppliers from 660 to 180. Long-term contracts were signed only with those suppliers that agreed to make product quality checks before shipping. Each purchase order would be made by linking into the suppliers' computer network. The Windsor Crazy Mart estimated that these changes would reduce the ordering costs per purchase order to $9. The Crazy Mart is open 30 days in April. EOQ = (Round yo The EOQ Print Done The Crazy Mart operates a chain of supermarkets. Its best-selling soft drink is Fruitslice. Demand (D) in April for Fruitslice at its Windsor supermarket is estimated to be 7,400 cases (24 cans in each case). In March, the Windsor supermarket estimated the ordering costs per purchase order (P) for Fruitslice to be $38. The carrying costs (C) of each case of Fruitslice in inventory for a month were estimated to be $1.30. At the end of March, the Windsor Crazy Mart reestimated its carrying costs to be 1.90 per case per month to take into account an increase in warehouse-related costs. E: (Click the icon to view additional information.) Required Required Requirement 1. Calculate the 0; P = $38; C = $1.30. Begin by selecting the formula (D = Demand in units for one m y order quantity) 2DP 1. Calculate the economic order quantity in April for Fruitslice. Use the EOQ model, and assume in turn that a. D = 7,400; P = $38; C = $1.30 b. D = 7,400; P = $38; C = 1.90 C. D = 7,400; P = $9; C = 1.90 2. How does your answer to requirement 1 give insight into the retailer's movement toward JIT purchasing policies? EOQ= (Round your answer up to the The EOQ for (a) is cases. Print Done