Average The Wendy's Company hourly pay ranges from approximately $7.25 per hour for Closer to $22.62 per hour for Maintenance Technician. The average The Wendy's Company salary ranges from approximately $14,500 per year for Cashier to $77,764 per year for Restaurant Manager. Salary information comes from 7,070 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 12 months.
How much firm save annually in carrying cost using eoq A produce distributor uses 800 packing crates a month, which it purchases at a cost of $10 each. The manager has assigned an annual carrying cost of 35 percent of the purchase price per crate. Ordering costs are $28. Currently the manager orders once a month. How much could the firm save annually in ordering and carrying costs by using the EOQ?
EXAMPLE: A firmâs inventory currently turns over 6 times per year, and the firmâs annual unit flow through the warehouse is 180,000 units. The firmâs average inventory is 180,000/6 or 30,000 units. Assume the carrying cost of inventory is 25% and the cost of a unit is $10.The inventory investment is 30,000 x $10 = $300,000. The annual inventory carrying cost is $300,000 x .25 = $75,000.If the firm increases inventory turnover from 6 to 9 turns per year and maintains the same level of product flow, the average inventory would be 180,000/9 = 20,000 units or $200,000. There are two important influences at work here.arrying costs will now be $200,000 x .25 = $50,000 per year, which equates to an annual savings of $25,000 ($75,000 - $50,000). As the example demonstrates, inventory turnover is a critical performance metric to assess the effectiveness of inventory management.