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Question-1
Cheeseburger and Taco Company purchases 6,440 boxes of cheese each year. It costs $22 to place and ship each order and $3.10 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. Calculate Economic Order Quantity. Round the answer to the whole number.
Question-2
Cheeseburger and Taco Company purchases 10,408 boxes of cheese each year. It costs $15 to place and ship each order and $6.31 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. What is the average inventory held during the year ? Round the answer to the whole number.
Question-3
Cheeseburger and Taco Company purchases 13,346 boxes of cheese each year. It costs $10 to place and ship each order and $4.01 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. What is the average inventory held during the year?
Question-4
Cheeseburger and Taco Company purchases 12,742 boxes of cheese each year. It costs $11 to place and ship each order and $4.74 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. How many orders will be placed each year ? Round the answer to the whole number.
Question-5
Cheeseburger and Taco Company purchases 16,063 boxes of cheese each year. It costs $22 to place and ship each order and $8.57 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. Calculate Economic Order Quantity. Round the answer to the whole number. Self- Assessment HW8C (EOQ, Average Inventory)