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A large bakery buys flour in 2 5 - pound bags. The bakery uses an average of 1 , 2 1 5 bags a year.
A large bakery buys flour in pound bags. The bakery uses an average of bags a year. Preparing an order and receiving a shipment of flour involves a cost of $ per order. Annual carrying costs are $ per bag.
a Determine the economic order quantity. Round your final answer to the nearest whole number.
Economic order quantity
bags
b What is the average number of bags on hand? Round your final answer to the nearest whole number.
Average number of bags
c How many orders per year will there beRound your final answer to the nearest whole number.
Number of orders per year
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