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A flower shop uses 3 4 0 clay pots a month. The pots are purchased for $ 2 each. Annual holding cost is estimated to
A flower shop uses clay pots a month. The pots are purchased for $ each. Annual holding cost is estimated to be percent of purchase cost, and ordering cost is $ per order. The manager has been using an order quantity of flower pots.
a Calculate the EOQ. Round the final answer to the nearest whole number.
EOQ
pots
b Calculate the EOQs total annual inventory control cost. Round the final answer to decimal places.
TC $
c What additional annual inventory control cost is the shop incurring by using the current order quantity? Round the final answer to decimal places.
Additional cost $
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