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Test Bank - for Managerial Accounting: Creating Value in a Dynamic Business Environment,13th Edition by Ronald, All Chapters 1-17 |Complete Guide A+$18.99
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13) Reflection Graphics uses a special purpose paper on 80% of its jobs. The paper is purchased
in 100-sheet packages at a cost of $100 per package. Management estimates that the cost of
placing and receiving a typical order is $15, and the annual cost of carrying a package in
inventory is $1.50. Reflection Graphics uses 2,600 packages of paper each year. Production
is constant, and the lead time to receive an order is one week.
The economic order quantity is approximately:
A) 203 packages.
TE
B) 225 packages.
C) 228 packages.
D) 565 packages.
E) 631 packages.
ST
14) Reflection Graphics uses a special purpose paper on 80% of its jobs. The paper is purchased
in 350-sheet packages at a cost of $350 per package. Management estimates that the cost of
placing and receiving a typical order is $40, and the annual cost of carrying a package in
inventory is $4.00. Reflection Graphics uses 5,100 packages of paper each year. Production
SO
is constant, and the lead time to receive an order is three weeks.
Note: Assume 52 weeks in a year. Do not round your intermediate calculations. Round
your final answer to nearest whole dollar amount.
The reorder point is:
A) 147 packages.
B) 1,440 packages.
LU
C) 5,600 packages.
D) 350 packages.
E) 294 packages.
15) Reflection Graphics uses a special purpose paper on 80% of its jobs. The paper is purchased
TI
in 100-sheet packages at a cost of $100 per package. Management estimates that the cost of
placing and receiving a typical order is $15, and the annual cost of carrying a package in
inventory is $1.50. Reflection Graphics uses 2,600 packages of paper each year. Production
O
is constant, and the lead time to receive an order is one week.
The reorder point is:
A) 25 packages.
N
B) 50 packages.
C) 100 packages.
D) 203 packages.
E) 225 packages.
WERTYUI
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