The forecast of cost of goods sold equals $2,500,000 in the next 3 months and the projected average inventory for the quarter is $2,000,000. What are the predicted stock turns for the upcoming quarter?

Which of the following statements is most true of raw material cycle counting?

If the annual demand is 50,000 units, the ordering cost is $100/order, the carrying cost is 20%, and the unit cost is $5, the annual ordering cost for an order quantity of 2500 is

For which one of the following situations would the periodic review system be most appropriate?

The most likely reason for establishing a financial tolerance when cycle counting is

Inventory that has been superseded by a new model and will never be used or sold at full value is defined as

Period 1 2 3 4 5 6
Gross requirements 20 0 24 12 0 20
Scheduled receipts 0 0 0 0 80 0
Projected available 60
Order quantity: 80
Safety stock: 20
Allocated qty in the first period: 12
Lead time: 2 periods
The projected available for the item at the end of period 1 would be

Using safety lead time for manufactured items will result in

Converting internal setup tasks (for example, organizing tools and materials for setup while the machine is still running a batch), will

Which of the following decision is most likely to be made by the material planner?

Which of the following ordering techniques lends itself to an ETO production environment where cost of obsolescence of unique items is a significant issue?