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Brian's Automotive orders 907 gallon-sized jugs of Mobil 1 5W-40 motor oil per year. Each order has a flat cost of $17 per order
Brian's Automotive orders 907 gallon-sized jugs of Mobil 1 5W-40 motor oil per year. Each order has a flat cost of $17 per order and the annual holding cost has been calculated to be $1.82 per jug. They hold no safety stock. What is the optimal total annual cost when ordering based on the EOQ? Give answer without the $ sign. So answer like 123.45 and NOT like $123.45.
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