A retailer has product demand 9600 units a year. The carrying cost of one unit of the product is $3.50 per year. Ordering costs
A retailer has product demand 9600 units a year. The carrying cost of one unit of the product is $3.50 per year. Ordering costs are $28 per order. a. What is the Economic Order Quantity (EOQ)? (2 points) b. What is the length of an order cycle? (2 points) c. What is the total annual cost if the EOQ quantity is ordered? (2 points)
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Authors: kieso, weygandt and warfield.
14th Edition
9780470587232, 470587288, 470587237, 978-0470587287
