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Economic order quantity _______________ Kilo grams Tamarisk will save ___________ per year Tamarisk Inc uses 49 kilograms of material X per year. Material X costs

image text in transcribed Economic order quantity _______________ Kilo grams Tamarisk will save ___________ per year

Tamarisk Inc uses 49 kilograms of material X per year. Material X costs $35.00 per kilogram. It costs $1.90 to place an order and $3.80 per kilogram to store material X. Currently, Tamarisk is ordering material Xin 12-kilogram batches. Is this the most economical order size? If not, what is the economic order quantity? How much will Tamarisk save by using the EOQ? (Round answers to 2 decimal places, eg. 125.74.)

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