Exercise for the Inventory Management (Z) Prepared by Lufi Yuwana Mursita, $.E, M.Sc. (Accounting Department) * Required Questions 1. The quantity of an inventory item to order so that total inventory costs are minimized over the firm's * Spot planning period is called as. Mark only one oval ) Economic Order Quantity (satery stock ») Stockout Repurchase Unit, Untitled Section 2. Ifthe company has beginning inventory balance and ending inventory balance, then how to determine * 10 pon the inventory balance? Mark only one oval ‘The average ofthe beginning and encing inventory balance ‘The sum of the beginning and ending inventory ( Based on the ending inventory only (Based on the beginning inventory only Untitled Section 3, The example of carrying costis...* S pin Mark only one oval ( Insurance and taxes (tewentory order (cash discount ) Sales retun Untitled Section4. Total inventory costs equal to. * 0 poi ‘Mark only one oval. ) Total carying costs plus total restocking costs ( Total carrying costs minus total restocking costs ) Total carrying costs times total restocking costs —) Total carrying costs divided by total restocking costs Untitled Section 5. The time difference between the placement of an order for an inventory item and when the item is * 100 received in inventory is called... Mark only one oval. Lead time Eeonemie order quant order point (Dssafety stock Untitled Section 6. Ifthe lead time to purchase an inventory is 15 days, while the steady daily usage is 100 items, what is * 10s the reorder point? Mark only one oval (1.500 items 15 items (150 items 10 items Untitled Section 7. The characteristic ofthe safety stocks..." Opa Mark only ane oval ( Increasing the number of order point ) Decreasing the number of order point (O Increasing the total costs Decreasing the total costs Untitled Section8, The systems used in inventory management in which inventories are acquired and inserted in production at the exact times they are needed is called ‘Mark only one oval. (OD dustintime onomic order quantity Order point Safety stock Untitled Section 9. The company ideally wants the restocking costs can be, ‘Mark only one oval. {At the minimum level Date ye maximum level ss high as carying cost (D More than total inventory costs Untitled Section 10, The optimal size of the inventory order is...* Mark only one oval ( The intersection between the line of carrying costs and restocking costs ( The intersection between the line of carrying costs and total costs of holding inventory Equals to total carrying caste Equals to total restocking costs Untitled Section 11, Ifthe fixed costs per order are $5 and the number of order is 50 times, what is the total restocking costs? Mark only one oval CO s250 $10 ss0 $2,500 Untitled Section 10 pein * ropoin12. Whatis the correct statement about the carrying costs? * 1 points ‘Mark only one oval. “They willbe greatest when the firms hola large quantity of inventory ) They willbe greatest when the firms holé a small quantity of inventory — They willbe greatest when the firms holé @ zero quantity of inventory No correct answers Essay Question ‘An inventory item has a carrying cost of $1.50 per unit, a fixed order cost of $120 per order, and annual sales of 120,000 units (QUESTIONS: {a What isthe £00 for the product? ®. What is the inventory-elated total cost? €. Determine the reorder point ifthe daly usage Is 120,000 units divided by 360 days, and the lead time is 3 days! 13. Upload your scanned fle of answers! * Files submitted: This contents nether crested nor endorsed Google Google Forms