Answer the following questions using the information below:
The following information applies to Dental Labs Plus,which supplies dental burs (used in dental drills)to dentists throughout Victoria.Dental Labs Plus purchases the dental burs from a manufacturer which has a reputation for very high quality in its manufacturing operation.
$$\begin{array} { l l }
\text { Antual demand (weekly demand = 1/52 of annual demand) } & 31200 \text { units } \
\text { Orders per year } & 25 \
\text { Lead time in days } & 20 \text { days } \
\text { Cost of placing an order } & \$ 100
\end{array}$$
-What is the economic order quantity (EOQ)assuming each order was made at the economic-order-quantity (EOQ)amount?
A)1560 units
B)1040 units
C)1248 units
D)500 units

Question

Answer the following questions using the information below:
The following information applies to Dental Labs Plus,which supplies dental burs (used in dental drills)to dentists throughout Victoria.Dental Labs Plus purchases the dental burs from a manufacturer which has a reputation for very high quality in its manufacturing operation.
 $$\begin{array} { l l } 
\text { Antual demand (weekly demand = 1/52 of annual demand) } & 31200 \text { units } \
\text { Orders per year } & 25 \
\text { Lead time in days } & 20 \text { days } \
\text { Cost of placing an order } & \$ 100
\end{array}$$
-What is the economic order quantity (EOQ)assuming each order was made at the economic-order-quantity (EOQ)amount?
A)1560 units
B)1040 units
C)1248 units
D)500 units

Quizplus · Accepted Answer

Without knowing the specific data for the demand rate, ordering cost, and holding cost, we cannot calculate the EOQ from the given information. However, we can assume that Dental Labs Plus has already calculated their EOQ and the question is asking us to determine the EOQ. The correct answer is C, 1248 units.

Answer the Following Questions Using the Information Below: the Following

Answer the Following Questions Using the Information Below:
the Following