Bishop Manufacturing Is Implementing the Economic Order Quantity (EOQ) Inventory

question 37

Multiple Choice

Bishop Manufacturing is implementing the economic order quantity (EOQ) inventory control system, and they need 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 stock-keeping units (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 workweek. Given this information a good estimate of the cost to order one SKU is _____.

• A) $5.00
• B) $56.82
• C) $113.36
• D) $125.00

Identify routes of medication administration and their definitions.

Recognize common abbreviations used in medication administration and their meanings.

Understand the application of topical medications.

Distinguish between various forms of medication (e.g., ointment, tincture, suppository).

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