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Flounder Ltd. uses 3,240 metres of fine gage brass each year. Brass wire costs $12 per metre, ordering costs are $63 per order, and carrying

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Flounder Ltd. uses 3,240 metres of fine gage brass each year. Brass wire costs $12 per metre, ordering costs are $63 per order, and carrying costs are $3.15 per metre. Currently, Flounder orders 600 metres in each order. Is this the most economical order size? If not, what is the economic order quantity? How much will Flounder save using the EOQ? (Round answers to 2 decimal places, e.g. 125.74.) Economic order quantity metres Flounder will save per year

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