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2. Calculate the economic order quantitiy. Because of the high setup cost of $60/order for producing push lawnmowers, production is ordered in specified quantities instead

2. Calculate the economic order quantitiy. Because of the high setup cost of $60/order for producing push lawnmowers, production is ordered in specified quantities instead of lot-for-lot. Calculate the economic order quantity for push mowers (assume independent of model; holding cost are given above). This quantity will be used as the lot size for the MRP. [Hint - convert holding cost given above to annual in this calculatio

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