takeexam_next_ecollege_com_(next(b310c3feb9))_main_coursemode_studentgradebookexam_studentgradebooke

Takeexam_next_ecollege_com_(next(b310c3feb9))_main_coursemode_studentgradebookexam_studentgradebooke

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Grading Summary These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: 5/27/2011 Time Spent: 2 h , 26 min , 33 secs Points Received: 112 / 144 (77.8%) Question Type: # Of Questions: # Correct: Multiple Choice 36 28 Grade Details 1. Question : The following information applies to Fabs Inc, which supplies microscopes to laboratories throughout the country. Fabs Inc purchases the microscopes from a manufacturer which has a reputation for very high quality in its manufacturing operation. Annual demand (weekly demand= 1/52 of annual demand) 15,600 units Orders per year 20 Lead time in days 15 days Cost of placing an order $100 What are the annual relevant carrying costs, assuming each order was made at the economic-order-quantity amount? Student Answer: $2,000 $200 $1,000 $6,000 Instructor Explanation: <FONT face="Times New Roman" size=2>Annual carrying costs = annual ordering costs = $100 × 20 = $2,000 </FONT> Points Received: 4 of 4 Comments: 2. Question : The following information applies to Fabs Inc, which supplies microscopes to laboratories throughout the country. Fabs Inc purchases the microscopes from a manufacturer which has a reputation for very high quality in its manufacturing operation. Annual demand (weekly demand= 1/52 of annual demand) 15,600 units Orders per year 20 Lead time in days 15 days Page 1 of 16 Student Gradebook Exam 6/1/2011 https://takeexam.next.ecollege.com/(NEXT(b310c3feb9))/Main/CourseMode/StudentGrade. ..
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Cost of placing an order $100 What is the reorder point? Student Answer: 643 Units 780 Units 1,560 Units 1,680 Units Instructor Explanation: 15,600/52 = 300/ = 2.6 daily demand 15 = 63 Points Received: 4 of 4 Comments: 3. Question : If Michaels Inc. has a safety stock of 35 units and the average weekly demand is 1 units, how many days can be covered if the shipment from the supplier is delayed ? Student Answer: 21 days 2.5 days 17.5 days 35 days Instructor Explanation: 35/2 = 1.5 days Points Received: 4 of 4 Comments: 4. Question : Pets s sells stuffed tigers. Animals, Inc., manufactures many different stuffed animals. Pets s orders 10,00 tigers per year, 200 per week, at $10 per tiger. The manufacturer covers all shipping costs. Pets s earns 12 on its cash investments. The purchase-order lead time is 3 weeks. Pets s sells 210 tigers per week. The following data are available (based on managements estimates): Estimated ordering costs per purchase order $10 Estimated insurance, materials handling, breakage, and so on, per year $3 Actual ordering costs per order $15 What is the economic order quantity using the estimated amounts? Student Answer:
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Takeexam_next_ecollege_com_(next(b310c3feb9))_main_coursemode_studentgradebookexam_studentgradebooke

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