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A company begins a review of ordering policies for its EOQ system by checking the current policies for a sample of SKUs. Following are the
A company begins a review of ordering policies for its EOQ system by checking the current policies for a sample of SKUs. Following are the characteristics of one item. .
Demand (D) = 100 units/week (Assume 52 weeks per year)
Ordering and setup cost (S) = $75/order
Holding cost (H) = $13.25/unit/year
What is the annual ordering cost? (Enter your response rounded to the nearest whole dollar.)
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