Bishop Manufacturing Is Implementing an Economic Order Quality (EOQ) Inventory

question 66

Essay

Bishop Manufacturing is implementing an economic order quality (EOQ) inventory control system and needs a good estimate of the cost to process a purchase order (PO). It takes 5 total labor hours to process a PO. The average number of SKUs on a PO is 2.2. The average wage for people working in the purchasing department is $22 per hour plus employee benefits of $3 per hour. Fixed costs for the purchasing department are $250,000 per year assuming a 2,000 hour per employee per year work week. Given this information, what is a good estimate of the cost to process one purchase order?

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Educational content and methodologies that aim to explore, challenge, and address issues of gender inequality, advocating for women's rights and social justice.

Gender Inequalities

The disparities in status, power, and opportunity between individuals based on their gender, often favoring men over women in various societal aspects.

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