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Blossom Inc. uses 100 kilograms of material X per year. Material X costs $35.00 per kilogram. It costs $1.20 to place an order and $2.40
Blossom Inc. uses 100 kilograms of material X per year. Material X costs $35.00 per kilogram. It costs $1.20 to place an order and $2.40 per kilogram to store material X. Currently, Blossom is ordering material X in 13-kilogram batches. Is this the most economical order size? If not, what is the economic order quantity? How much will Blossom save by using the EOQ? (Round answers to 2 decimal places, e.g. 125.74.) Economic order quantity 10 kilo grams Blossom will save X sil per year
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