question 39
Multiple Choice
Use the data given below to answer the following questions) .
Following is an extract from the Cost per Order Database of Grogtes LLC. Item Category Nuts Screws Nuts Screwdriver Nuts Screws Nuts Nuts Nuts Screws Nuts Screws Screws Nuts Nails Bolts Screws Screwdriver Screwdriver Bolts Nuts Bolts Screws Screws Screws Screws Bolts Nuts Screwdriver Nuts Screws Nailgun pack Item ID N101 S101 N102SD101N102S102N101N102N101S103N102S101S101N102NG101 B101 S103 SD102 SD101 B102N103B101S103S104S102S101B102N101 SD103 N103S103NG101 Item Cost $2.44$20.44$5.44$20.44$3.44$5.44$2.44$5.44$2.44$9.44$5.44$2.44$20.44$5.44$125.45$16.44$9.44$9.44$20.44$5.44$1.74$16.44$9.44$15.45$5.44$20.44$5.44$2.44$5.44$1.74$9.44$125.45 Units 944935265559748931598928803411527631495667345863649659552794 Cost per Order $229.36$1,001.56$190.40$531.44$189.20$320.96$180.56$484.16$75.64$556.96$484.16$68.32$1,635.20$184.96$125.45$246.60$254.88$594.72$286.16$516.80$114.84$1,200.12$424.80$1,328.70$16.32$122.64$266.56$158.60$516.80$90.48$745.76$501.80
Item Category Bolts Bolts Bolts Nails Nuts Screwdriver Screws Nuts Screws Screws Screws Item D B102B103B104NG102N103SD104S101N103S102S101 S102 Item Cost $5.44$12.94$24.40$275.45$1.74$2.44$20.44$1.74$5.44$20.44$5.44 Units 61544126755613109327 Cost per Order $331.84$698.76$1,000.40$550.90$10.44$183.00$1,144.64$22.62$54.40$1,900.92$146.88
-Which of the following observations is closest to the 87th percentile of costs per order?
Definitions:
Controlling Cost
The process of monitoring and managing expenses to stay within budget and improve efficiency and profitability.
Labor
A measure of the work done by human beings.
Transportation Method
A mathematical optimization technique used for finding the most cost-efficient plan for distributing products from several suppliers to several consumers.
Aggregate Planning
A process of developing, analyzing, and maintaining a preliminary, approximate schedule of the overall operations of an organization.