Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The table below provides shipping rates for packages using UPS next day air or ground service options. The rates vary according to both the weight

image text in transcribed
image text in transcribed
image text in transcribed
The table below provides shipping rates for packages using UPS next day air or ground service options. The rates vary according to both the weight of the package and the distance of the shipment (larger numbered zones are farther away). Note that the zone number also indicates the number of days required to deliver a package using ground service. For example, it would take three days and cost $7.40 to send a 10-pound package to zone 3 using ground service, Table of Shipping Rates Next Day Service Weight Donestic Zones - Transit Time in Days 4 5 6 1 lbs. 16.25 $19.25 $22.75 $24.75 $ 27.00 $28.25 $29.00 2 $ 17.25 $ 20.75 $25.50 $ 27.75 $ 30.25 $ 31.25 $ 32.00 3 $19.00 $21.75 $28.25 $ 3.50 $ 33.59 $ 34.75 $ 35.50 4 $ 20.00 $ 22.75 $31.00 $ 33.50 $36.50 $ 37.75 $38.50 5 $ 21.25 $24.25 $ 33.50 $36.25 $ 39.50 $40.75 $ 41.75 6 $ 22.00 $ 25.25 $36.00 $39.00 $42.75 $44.00 $ 45.00 7 $ 22.75 $ 27.00 $ 38.50 $ 42.00 $ 46.00 $ 47.00 $48.25 8 $ 23.75 $28.25 $ 41.ee $ 44.75 $ 49.25 $ 50.25 $ 51.25 9 $24.50 $ 29,75 $ 43.75 47.50 $ 52.50 $ 53.75 $ 54.50 18 $ 25.25 $ 31.00 $46.25 $ se.25 $ 55.25 $ 56.75 $ 57.75 11 $ 26.25 $32.50 $ 48.75 $ 52.75 $ 58.89 $ 60.00 $ 60.75 12 $ 27.00 $33.50 $ 51.25 $ 55.50 $ 60.75 $ 63.00 $ 63.75 13 $ 27.75 5 34.75 $ 53.75 $ 58.00 $ 63.25 $ 65.75 $ 66,50 14 $ 28.50 $36.00 $ 55.75 $ 60.50 5 65.75 $ 68.50 $ 69.25 15 $ 29.50 $ 37.50 $ 58.00 $ 63.00 $ 68.25 $ 70.75 $ 72.80 Ground Service Weight 1 lbs. 2 3 4 5 6 7 8 9 le 11 12 13 14 15 1 $ 4.75 $ 4.85 $ 5.ee $ 5.15 $ 5.40 $5.55 $ 5.75 $ 6.00 $6.20 $ 6.40 $ 6.60 $ 6.Be $7.00 $. 7.15 $ 7.35 2 $ 4.90 $ 5.15 $ 5.40 $ 5.60 $ 5.80 $ 6.00 $6.15 $6.35 $6.55 $ 6.70 $6.99 $7.10 $ 7.35 $7.55 $ 7.80 Domestic Zones - Transit Time in Days 3 4 5 6 $ 5.25 $5.35 $ 5.65 $ 5.70 $ 5.65 $5.80 $ 6.25 $ 6.40 $ 6.00 $ 6.25 $6.70 $ 6.90 $ 6.30 $ 6.60 $ 7.10 5 7.30 $ 6.60 $ 6.95 $ 7.40 $ 7.75 $ 6.75 $7.20 $ 7.65 $ 8.es $ 6.90 $ 7.45 $ 7.95 $8.35 $7.10 $ 7.60 $ 8.25 $ 8.75 $ 7.25 $ 7.80 $ 8.45 $9.25 $ 7.40 $ 8.00 $ 8.80 $9.90 $ 7.55 $ 8.25 $ 9.20 $ 10.60 $ 7.70 $ 8.45 $ 9.601 $ 11.35 $ 7.85 $ 8.65 $ 10.05 $ 12.05 $ 8.00 $ 8.85 $ 10.60 $ 12.75 $ 8.15 $9.95 $ 11.15 $ 13.45 7 $ 5.85 $ 6.80 $ 7.55 $ 8.05 $ 8.55 $ 8.85 $ 9.25 $9.90 $10.55 $11.25 $ 12.95 $ 12.95 $13.80 $ 14.65 $15.55 DRictureClick here for the Excel Data File Suppose you have a package weighing 11 pounds that needs to be shipped to zone 6. The value of the material is $9,000 and the annual inventory holding rate is 35 percent of the product value a-1. Calculate the total shipping and transit inventory cost using the air and ground transportations. (Use 365 days in a year. Do not round Intermediate calculations. Round your answers to 2 decimal places.) Transit inventory cost for air transportation Total cost using air transportation Transit inventory cost for ground transportation Total cost using ground transportation a-2. Which transportation mode (air or ground) minimizes the total shipping and transit inventory cost? (Round your answer to 2 decimal places.) Ground transportationimizes the total shipping and transitiventory cost by b. How high would the inventory holding rate have to be in order to justify next day air service? (Use 365 days in a year. Do not round Intermediate calculations. Round up your answer to the next whole number.) Inventory holding of

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Credit Repair How To Repair Your Credit All By Yourself A Beginners Guide To Better Credit

Authors: Ernie Braveboy

1st Edition

1981032878, 978-1981032877

More Books

Students also viewed these Accounting questions