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A law firm always orders papers from their office supply company for $50. They incur an annual holding cost of $15 per case and have
A law firm always orders papers from their office supply company for $50. They incur an annual holding cost of $15 per case and have an ordering cost of $55 each time they place an order. If their annual demand is 594 cases, compute annual purchase cost, annual setup cost, and annual holding cost for EOQ, respectively. 1. 3300 2. 495 3. 990 annual purchase cost 4. 1980 annual holding cost 5. 247.5 annual setup cist 6. 8910 7. 594 8. 954
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