Given this informationlead-time demand 600 poundsstandard, Ask an Expert

Accounting

Given this information:

Lead-time demand = 600 pounds

Standard deviation of lead-time demand = 52 pounds (Assume normality.)

Acceptable stockout risk during lead time = 4 percent

a. What amount of safety stock is appropriate?
b. When should this item be reordered?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9529125

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