Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A) Clap Off Manufacturing uses 2,300 switch assemblies per week and then reorders another 2,300. Assume the relevant carrying cost per switch assembly is $6.00
A) Clap Off Manufacturing uses 2,300 switch assemblies per week and then reorders another 2,300. Assume the relevant carrying cost per switch assembly is $6.00 and the fixed order cost is $570. Required: (a) Calculate the carrying costs. (Do not include the dollar sign ($).)
B) Calculate the restocking costs
Calculate the economic order quantity. (Round your answer to 2 decimal places) Calculate the EOQ number of orders per year. (Round your answer to 2 decimal places (e.g., 32.16).) |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started