31. A restaurant currently uses 62,500 boxes of napkins each year at a constant daily rate. If the cost to order napkins is $200.00 per order and the annual carrying cost for one box of napkins is $1.00, then the optimal order quantity (EOQ) for napkins would be
a. 62,500 boxes
b. 10,000 boxes
c. 5,000 boxes
d. 2,500 boxes
32. A company that produces specialized video equipment had cost of goods sold last year of $127,000,000. The average value of inventory for raw materials, work-in-process, and finished goods are shown in the table below: Raw Materials $6,189,000 Work-In-Process $2,541,000 Finished Goods $3,710,000 If the company operates 50 weeks per year then the weeks of supply in inventory would be
a. 4.898
b. 0.098
c. 10.209
d. 35.75
33. A forecasting model has produced the following forecasts: Period Demand Forecast Error January 120 110 February 110 115 March 115 120 April 125 115 May 130 125 The mean absolute deviation (MAD) for the end of May is
a. 7.0
b. 7.5
c. 10.0
d. 3.0
34. The weighted moving average forecast for the fifth period with weights of 0.15 for period 1, 0.20 for period 2, 0.25 for period 3, and 0.40 for period 4, using the demand data shown below would be
Period Demand 1 3500 2 3800 3 3500 4 4000
a. 3760
b. 3700
c. 3650
d. 3325
35. Given the following demand data for the past five months, the four period moving average forecast for June would be
Period Demand January 120 February 90 March 100 April 75 May 110
a. 96.25
b. 99.00
c. 110.00
d. 93.75
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