Question
ABC Company sells 44,348 chairs a year. The carrying cost per unit is $8.61 and the fixed costs per order are 149.55 per order. The
ABC Company sells 44,348 chairs a year. The carrying cost per unit is $8.61 and the fixed costs per order are 149.55 per order. The company orders 209 units each time. The chairs are sold out before they are restocked. What is the economic order quantity?
Enter your answer rounded off to two decimal points. Do not enter comma in the answer box.
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
