(4) GP Products offers the following discount schedule for 1 inch x 4 ft. x 8ft....
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(4) GP Products offers the following discount schedule for 1 inch x 4 ft. x 8ft. sheets of plywood: Order Size Unit Cost $50 $49 $47 1 to 199 200 to 699 700 or more HD Company orders plywood from GP Products. HD has an ordering cost of $50. The holding cost rate is 20% per year, and the annual demand is 1,000 units. What ordering quantity do you What is the minimum total cost? recommend? [10%] Analysis/Steps: (4) GP Products offers the following discount schedule for 1 inch x 4 ft. x 8ft. sheets of plywood: Order Size Unit Cost $50 $49 $47 1 to 199 200 to 699 700 or more HD Company orders plywood from GP Products. HD has an ordering cost of $50. The holding cost rate is 20% per year, and the annual demand is 1,000 units. What ordering quantity do you What is the minimum total cost? recommend? [10%] Analysis/Steps:
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