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A firm's demand is 65,000 units per year, has setup costs of $120 per order, and inventory holding costs of $1.25 per unit per year.
A firm's demand is 65,000 units per year, has setup costs of $120 per order, and inventory holding costs of $1.25 per unit per year. Given the EOQ model, what is the approximate total annual inventory cost?
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To determine the approximate total annual inventory cost using the Economic Order Quantity EOQ model ...
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
6th Edition
324559674, 978-0324559675
