Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Diagnostic Supplies has expected sales of 194,400 units per year, a carrying cost of $6 per unit, and an ordering cost of $8 per order.

Diagnostic Supplies has expected sales of 194,400 units per year, a carrying cost of $6 per unit, and an ordering cost of $8 per order. (a) What is the economic order quantity? Economic order quantity units (b-1) What is average inventory? Average inventory units (b-2) What is the total carrying cost? (Omit the "$" sign in your response.) Total carrying cost $ Assume an additional 80 units of inventory will be required as safety stock. (c-1) What will the new average inventory be? Average inventory units (c-2) What will the new total carrying cost be? (Omit the "$" sign in your response.) Total carrying cost $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Truth About Buying Annuities Annuities Can Make Or Break Your Retirement

Authors: Steve Weisman

1st Edition

0132353083,0132701162

More Books

Students also viewed these Finance questions

Question

how does aldi groceries establish their global structure

Answered: 1 week ago

Question

1-8 What is cultural competence? [LO-6]

Answered: 1 week ago