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pentagon [3]
3 years ago
7

In an inventory control system, the annual demand is 12,000 units, the ordering cost is GHS 30 per order and the inventory holdi

ng cost is GHS 3.00 per year. The order quantity is 1000 units and the cost per unit of the item is GHS 150. What is the total cost per year?
Business
1 answer:
Fittoniya [83]3 years ago
5 0

Answer:

Total cost per year = $1,801,860

Explanation:

Given:

Annual demand = 12,000 units

Ordering cost = $30 per order

Inventory holding cost = $3 per year

Order quantity = 1000 units

Cost per unit of the item = $150

Find:

Total cost per year

Computation:

Total cost per year = Purchase cost + Order cost + Inventory holding cost

Total cost per year = [12,000 x 150] + [12,000/1000 x 30] + [1,000/2 x 3]

Total cost per year = 1,800,000 + 360 + 1500

Total cost per year = $1,801,860

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Which of the following forms of communication has the most impact during your interview? a. Nonverbal b. Verbal c. Voice quality
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Which has a higher flow rate? 10 customers arriving over two hours or 10 customers arriving over three hours?
Tcecarenko [31]

The one that gives a higher flow rate is: 10 customers over 2 hours. The flow rate is 5 customers per hour.

Flow rate is defined as the number of flow units that pass through the business process per unit time.

The flow unit can be money, customers, products, parts, services, etc.

Example of flow rate is number of customers serviced per hour, number of parts produced per minute, etc.

From the definition, the flow rate can be expressed as:

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There are 2 scenarios in the given problem.

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Time interval = 2 hours

Hence, the flow rate in scenario 1 = 10/2 = 5 customers per hour

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Answer:

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