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A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment
A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag. (do not include parts b or e) Determine the economic order quantity. (Round your final answer to the nearest whole number.) Economic order quantity bags How many orders per year will there be? (Round your final answer to the nearest whole number.) Number of orders per year Compute the total cost of ordering and carrying flour. (Round your final answer to the nearest whole number.) Total cost
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