What is the total variable weekly cost including safety stock cost?
Kelly's Service Station does a large business in tune-ups. Demand has been averaging 210 spark plugs per week. Holding costs are $0.01 per plug per week, and reorder costs are estimated at $10 per order.
Kelly does not want to be out of stock on more than 1% of his orders. There is a one-day delivery time. The standard deviation of demand is five plugs per day. Assume a normal distribution of demand during lead time and a seven-day work week.
$6.60
You might also like to view...
Describe the three levels Chip Conley used to consolidate Maslow’s hierarchy of needs.
What will be an ideal response?
Cash flow from investing activities does not include
a. cash purchases of property, plant, and equipment. b. cash sales of marketable securities and investments in securities. c. cash sales of property, plant, and equipment. d. cash sales of intangibles. e. cash purchases of treasury stock.
Major enterprise funds are to be presented in the aggregate with all funds combined.
Answer the following statement true (T) or false (F)
Lenders who repossess Superfund property can never be held liable for its cleanup
Indicate whether the statement is true or false