production costs $50. The cost of each light is $1. The holding cost is $0.10 per light a. What is the optimal size of the production run? b. What is the maximum inventory (Imax)? c. What is the average holding cost per year? d. What is the average set-up cost per year? e. What is the total cost per year including the cost of the lights?
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- Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,300 flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $48. The cost of each light is $1.05. The holding cost is $0.15 per light per year. a) What is the optimal size of the production run? units (round your response to the nearest whole number).Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 11,900 flashing lights per year and has the capability of producing 95 per day. Setting up the light production costs $48. The cost of each light is $0.95. The holding cost is $0.15 per light per year. a) What is the optimal size of the production run? number). b) What is the average holding cost per year? $ (round your response to two decimal places). c) What is the average setup cost per year? $ (round your response to two decimal places). d) What is the total cost per year, including the cost of the lights? $ (round your response to two decimal places). units (round your response to the nearest wholeMedtronic sells medical devices. The company enjoys many growth opportunities, and so it measures its inventory holding cost at the rate of 25% per year. It currently turns over its inventory 3 times per year. Its gross margin (the difference between revenue and cost) as a percentage of its revenue is an enviable 65%. a. For an item that costs Medtronic $600 to produce, what would be the cost ($s) to hold this item for one year in inventory? b. For an item that costs Medtronic $350 to produce, what is the cost to hold it in inventory ($s)? (Assume it remains in inventory for the average amount of time for the company.)
- Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300days per year. It has orders for about 11,600 flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $51. The cost of each light is $0.95. The holding cost is $0.10 per light per year. a) What is the optimal size of the production run? nothing units (round your response to the nearest whole number).Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,500 flashing lights per year and has the capability of producing 105 per day. Setting up the light production costs $52. The cost of each light is $1.00. The holding cost is $0.10 per light per year. a) What is the optimal size of the production run? Optimal Size of the Production run = Qp = b) What is the average holding cost per year? 2DS √ + [₁-9] units (round your response to the nearest whole number). Average Holding Cost per Year = Average Inventory x Holding Cost per Unit = decimal places). c) What is the average setup cost per year? Qp 27² × [1₁-11] Average Setup Cost = Number of Orders Placed per Year x Setup Cost per Order = d) What is the total cost per year, including the cost of the lights? Total Cost = Annual Holding Cost + Annual Setup Cost + Product Cost = $ -S= x Holding Cost per Unit = $…Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,300 flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $48. The cost of each light is $1.05. The holding cost is $0.15 per light per year. a) What is the optimal size of the production run? 3653 units (round your response to the nearest whole number). b) What is the average holding cost per year? $ 161.65 (round your response to two decimal places). c) What is the average setup cost per year? $ (round your response to two decimal places).
- Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,200 flashing lights per year and has the capability of producing 95 per day. Setting up the light production costs $51. The cost of each light is $1.00. The holding cost is $0.15 per light per year. d. What is the total cost per year, including the cost of the lights? (round your response to two decimal places).f Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,300 flashing lights per year and has the capability of producing 95 per day. Setting up the light production costs $51. The cost of each light is $1.00. The holding cost is $0.05 per light per year. a) What is the optimal size of the production run? 6,644 units (round your response to the nearest whole number). b) What is the average holding cost per year? $ 166.10 (round your response to two decimal places). nis 3 1 Calculator -8 FI N @ 2 W S * F2 Ask my instructor X H command # 3 E D 80 F3 F3 $ 4 C R DOO 000 F4 LL F or de 5 V Question Viewer FS T G A 6 B MacBook Pro F6 Y H & 7 N 44 F7 U J 8 M DII FB - K ( 9 DD F9 O t .... - option Clear all 4 F11 { [ 2.1 ? + = 11 I ▾ 4) F12 [ } ] Final check delete 1 1 return shift HRadovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,300 flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $48. The cost of each light is $1.05. The holding cost is $0.15 per light per year a) What is the optimal size of the production run? 3653 units (round your response to the nearest whole number). b) What is the average holding cost per year? $ 161.65 (round your response to two decimal places) c) What is the average setup cost per year? $ 161.62 (round your response to two decimal places). d) What is the total cost per year, including the cost of the lights? $ (round your response to two decimal places).
- Cooler Corporation is a manufacturer of cooling products. It purchases 14,400 units of a particular component (CK55) each year at a cost of $60 per unit. Cooler Corporation requires a 12% annual rate of return on investment. In addition, relevant carrying costs for insurance, material-handling, and breakage are $0.40 per unit per quarter, whereas warehousing rental cost is $12,000 per month. Relevant costs per purchase order are $144.00. Purchasing manager’s salary is $80,000 per year. Required: Calculate Cooler’s EOQ for CK55. Calculate Cooler’s total ordering and carrying costs. Assume that demand is uniform throughout the year and is known with certainty. The purchasing time is half a month. Calculate the reorder point for CK55.K Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,300 flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $48. The cost of each light is $1.05. The holding cost is $0.15 per light per year. a) What is the optimal size of the production run? 3653 units (round your response to the nearest whole number). b) What is the average holding cost per year? $ (round your response to two decimal places)Frety Limited sells therapeutic foam rollers for $55, and expects the demand for this product to be constant at 142 units per week. The foam rollers are ordered from a supplier at a price of $39, and each order takes three weeks to supply the product from the date that Frety Limited places an order. The business holds 130 units of the product as a safety buffer at all times. The cost of capital is 10%. At what level of inventory (in units) should the business reorder the foam rollers?