Question
Annual demand is 2,365. the price of one unit is $2.37, the order quantity is 100, the holding cost per unit per year is
Annual demand is 2,365. the price of one unit is $2.37, the order quantity is 100, the holding cost per unit per year is $0.25, and the order cost is $75. What is the total annual cost? (use two decimal places) Note that when order quantity is given you should use that quantity (not the optimal quantity). Note: do not confuse total annual cost with total annual cost of inventory.
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Managerial Economics
Authors: Mark Hirschey
12th edition
9780324584844, 324588860, 324584849, 978-0324588866
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