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- 8. XYZ has developed the following data from its Material A Safety stock Average (normally) daily use Maximum daily use Minimum daily use EOQ Cost of placing an order Working days per year 280 200 240 180 1,000 Р20 250 days 6 days What is the normal maximum inventory? Lead time8. XYZ has developed the following data from its Material A Safety stock Average (normally) daily use Maximum daily use Minimum daily use EOQ Cost of placing an order Working days per year Lead time 280 200 240 180 1,000 P20 250 days 6 days What is the normal maximum inventory?A company stocks an item that is consumed at the rate of 50 units per day. It costs the company P20 each time an order is placed. An inventory unit held for a week will cost P0.35. (a) Determine the optimum inventory policy assuming a lead time of 1 week. (b) Determine the optimum number of orders per year (365 days a year).
- ACTIVITY 3- ACCOUNTING FOR MATERIALS 1. Krissy operates its factory 300 days per year. Its annual used of Material Y is 300,000 gallons. It carries a 2,500 gallon safety stock of material and its lead time is 3 business days. What is the order point for Material Y? 2. The EOQ for Material is 7,500 gallons, and the carrying cost per gallon per year is P.25. What is the total annual carrying cost for Material? 3. Peter's order quantity for tocino is 5,000 kilos. Peter maintains a safety stock of Tocino at 500 kilos, and its order point is 1,500 kilos. What is the lead time, assuming daily usage is 50 kilos? 4. Peter's order quantity for tocino is 5,000 kilos. Peter maintains a safety stock of Tocino at 500 kilos, and its order point is 1,500 kilos. What would be the total annual carrying costs, assuming the carrying cost per unit is P.80 5. The following are data of materials inventory for the year 2020 of Mars Corp: Number of pounds required annually Cost of placing an order Annual…A company wishes to improve efficiency and have 28 days in inventory. If COGS is forecasted as $22,764, what is the targeted inventory amount? Enter your answer as a monetary amount rounded to four decimal places, but without the currency symbol. For example, if your answer is $90.1234, enter 90.1234. If your result is negative, enter a negative figure, like this: -90.1234 Type your answer...b) Wansam Ltd extracted the following from its records: Monthly demands of Ba Carrying cost per unit Cost of placing an order Minimum usage Maximum usage Re-order period You are required to calculate: Reorder Quantity 2,000units GHC 500 GHC 4,000 50 units per week 150 units per week 5-7 weeks i. ii. Reorder level iii. Minimum Stock level iv. Maximum Stock level V. Average Stock level
- The order cost per order of an inventory is OMR. 60 with an annual carrying cost of OMR. 4 per unit. The annual demand is 12000 units. Calculate: Economic Ordering Quantity, Number of Orders per year and Ordering cost per year. a. 500 units, 20 Orders and 1200 OMR b. 480 units, 20 Orders and 1500 OMR c. 400 units, 20 Orders and 1800 OMR d. 600 units, 20 Orders and 1200 OMRYou are provided with the following data: inventory - to -sale conversion period = 100days Sale - to - cash conversionperiod = 46 days Purchase - to -payment conversion period30 days What is the operatingcycle?ABC Corp has an average inventory period (production process time + time before sale) of 36 days. Accounts receivables are outstanding an average of 14 days. Gross margins for the firm average 8%. What is the average length of the firm's short-term operating cycle? Step by step explanation needed. Do it correctly I'll rate.
- A company wishes to establish an EOQ for an item for which the annual demandis $800,000, the ordering cost is $32, and the cost of carrying inventory is 20%.Calculate the following:a. The EOQ in dollars.b. Number of orders per year.c. Cost of ordering, cost of carrying inventory, and total cost.d. How do the costs of carrying inventory compare with the costs of ordering?Nowlin Pipe & Steel has projected sales of 19,600 pipes this year, an ordering cost of $5 per order, and carrying costs of $1.60 per pipe. a. What is the economic ordering quantity? Economic ordering quantity b. How many orders will be placed during the year? Number of orders orders c. What will the average inventory be? Average inventory units unitsYou have just been appointed as financial manager of Slow-Moving-Stock Limited. One of your main focus areas is to improve the inventory management system that the company currently has in place. You have extracted the following records from the Inventory Management Software. ITEM X4355 January February March April May June July August September October November December Normal days for delivery Maximum days for delivery Cost of placing an order Carrying cost of a unit per year Total Sales (u) 1500 1300 1200 1100 1100 1100 1500 1600 1700 1800 2500 1900 18300 a) Determine and comment on the inventory days ratio. ( b) Determine the appropriate reorder level for Item X4355. c) Determine the Economic order quantity for Item X4355. ( 5 8 R850 R250 Trading days 20 18 20 19 20 21 22 20 20 21 22 17 240 You also found that total purchases for all items for the year was R55 000 000 with the end of year inventory value being R26 000 000.