Question
A department store has the following data on a popular cellphone: Annual Demand: 15,000 units Ordering Cost per order $60 Holding Cost per unit
A department store has the following data on a popular cellphone: Annual Demand: 15,000 units Ordering Cost per order $60 Holding Cost per unit per year $7 Lead-Time Number of weeks per year 5 weeks 52 Number of working days per year 250 Warning: This exam question is copyrighted. Student getting help from online services or classmate violates academic honor code and will receive an F Note: Do not put a comma () in your answer A. Determine the EOQ. Answer Round your answer to a whole number. B. Given the EOQ, how many orders will be made annually? Answer Round your answer to a whole number. C. What is the total annual inventory cost (including ordering and holding costs) if EOQ is used? Answer:= $ Round your answer to a whole number.
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