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1. Cost to place an order is $48.00 2. The minimum weight to qualify for a TL rate is 32,000 pounds 3. Inventory carrying cost
1. Cost to place an order is $48.00 2. The minimum weight to qualify for a TL rate is 32,000 pounds 3. Inventory carrying cost is 32% 4. Our average order cycle time (from when we receive the order to customer receipt of product) is 8.2 days with a standard variation of 1.7 days 5. Annual demand is 10,752 units 6. Cost per unit is $112.00 7.15 units per case (but you do not have to order in case lots) 8.365 days in a year 0 11.2 times per year Question 7 7.5 pts How much will it cost ANNUALLY just to PLACE ORDERS if you use Harris's EOQ to determine your ordering quantity? (Hint: Ignore the cost to carry inventory] O $537.60 $3,041.12 O $3,127.85 $7,203.20 O $5,917.82 O $8,048.00
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