Saturday
April 19, 2014

Homework Help: Inventory

Posted by donna on Saturday, September 24, 2011 at 12:03am.

Jan Gentry is the owner of a small company that proŽduces electric scissors used to cut fabric. The annual demand is for 9,000 scissors and Jan produces the scissors in batches. On average, Jan can produce 185 scissors per day. Demand for scissors has been about 45 scisŽsors per day. The cost to set up the production process is $125, and it costs Jan 55 cents to carry one pair of scissors for one year.


a) How many scissors should Jan produce in each batch?

b) What will be the maximum inventory?

c) What will be the average inventory ?

d) How many production runs will be made each year?

e) What will the annual setup cost?

f) What will be the annual holding cost?

g) What will be the total inventory cost?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math - Jan Gentry is the owner of a small company that proŽduces electric ...
Statistics - Jan Gentry is the owner of a small company that proŽduces electric ...
ACCOUNTING - Calculate cost for a manufacturer, no inventories The following ...
ACCOUNTING - Calculate cost for a manufacturer, no inventories The following ...
accounting - i AM HAVING TROUBLE WITH THESE TWO QUESTIONS 2-17 Calculate cost ...
Accounting - Jan. 1 Merchandise inventory $144,200 Jan. 1–Feb. 7 Purchases (net...
Accounting - Please check my answers. Identify each of the following as either ...
Business - Assume the role of a small business owner. You have little funds to ...
Linear Programming - I really really need help with this question, i've tried it...
accounting - Can someone please check my answer to this question: In recent ...

Search
Members