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Moriah's Candle Company Manufactures Candles

question 58

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Moriah's Candle Company manufactures candles. The company buys wax in 45-Kilogram containers that cost $17 each. The company uses 25,000 containers per year, and usage occurs evenly throughout the year. The average cost to carry a 45-Kilogram container in inventory per year is $3, and the cost to place an order is $9. The company works 250 days per year.
The lead time is 4 working days and the average rate of usage is 60 containers per day. What is the reorder point?

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Definitions:

Perceptual/motor Approach

A method focusing on understanding and improving the coordination of sensory perception and motor skills.

Gross Motor Skills

The abilities required to control the large muscles of the body for walking, running, sitting, crawling, and other activities.

Technical Work

Involves tasks that require specialized skills, knowledge, and training in fields such as engineering, IT, and science.

Managerial Jobs

Positions in an organization responsible for directing and overseeing the work of other employees, making strategic decisions, and ensuring the alignment of team efforts with organizational goals.

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