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A company uses 6,000 widgets a year. Order costs are $75 and carrying costs are 30 percent of the purchase price. The price breakdown is as follows:

1 - 999                           $0.90

1,000 – 2,9999             $0.88

3,000+                            $0.86

Calculate the order quantity and use that information to answer the questions that follow.

1. What is the Q value for the 1 – 999 price category before it is adjusted for feasibility?

Round your answer to a whole number.

2. What is the Q value for the 1,000 – 2,999 price category before it is adjusted for feasibility? Round your answers to a whole number.

3. What is the Q value for the 3,000+ price category before it is adjusted for feasibility? Round your answers to a whole number.

4. What is the feasible Q value for the 1 – 999 price category? Round your answer to a whole number.

5. What is the feasible Q value for the 1,000 – 2,999 price category? Round your answer to a whole number.

6. What is the feasible Q value for the 3,000+ price category? Round your answer to a whole number.

7. What is the total cost for the 1 – 999 price category? Round your answer to a whole number.

8. What is the total cost for the 1,000 – 2,999 price category? Round your answer to a whole number.

9. What is the total cost for the 3,000+ price category? Round your answer to a whole number.

10. Based on your calculations, what is the order quantity that minimizes cost?

HR Management, Management Studies

  • Category:- HR Management
  • Reference No.:- M92592416

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