Author Question: Miniature Company sells stuffed tigers. Birtal Inc. manufactures many different stuffed animals. ... (Read 226 times)

BRWH · **on:** Mar 6, 2021

Miniature Company sells stuffed tigers. Birtal Inc. manufactures many different stuffed animals. Miniature orders 21,200 tigers per year, 22 per week, at $10 per tiger. The manufacturer covers all shipping costs. Miniature earns 20% on its cash investments. The purchase-order lead time is 2 weeks. Miniature sells 320 tigers per week. The following data are available (based on management's estimates):

Estimated ordering costs per purchase order

$23

Estimated insurance, materials handling, breakage,

and so on, per year

$7

Actual ordering costs per order

$27

What is the economic order quantity using the estimated amounts?
◦ 698.3 stuffed tigers
◦ 329.2 stuffed tigers
◦ 232.8 stuffed tigers
◦ 493.8 stuffed tigers

mceravolo · **Reply #1 on:** Mar 6, 2021

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