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Blossom Ltd. uses 2,250 metres of fine gage brass each year. Brass wire costs $12 per metre, ordering costs are $65 per order, and carrying
Blossom Ltd. uses 2,250 metres of fine gage brass each year. Brass wire costs $12 per metre, ordering costs are $65 per order, and carrying costs are $3.25 per metre. Currently, Blossom orders 500 metres in each order. Is this the most economical order size? If not, what is the economic order quantity? How much will Blossom save using the EOQ? (Round answers to 2 decimal places, e.g. 125.74.) Economic order quantity metres Blossom will save per year
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