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A COMPANY MAKES 81 ORDERS OF CHAIRS IN A YEAR AND ORDERS 16,488 CHAIRS EACH TIME. THE FIXED ORDER COSTS ARE $781.56 PER ODER AND
A COMPANY MAKES 81 ORDERS OF CHAIRS IN A YEAR AND ORDERS 16,488 CHAIRS EACH TIME. THE FIXED ORDER COSTS ARE $781.56 PER ODER AND THE CARRYING COST PER UNIT IS $37.81. THE CHAIRS ARE SOLD OUT BEFORE THEY ARE RESTOCKED. WHAT ARE THE SHORTAGE COSTS IF THE COMPANY ORDERS THE OPTIMAL QUANTITY? (EOQ)
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