Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fogle Manufacturing uses 2,700 switch assemblies per week and then reorders another 2,700. The relevant carrying cost per switch assembly is $11.00 and the fixed

Fogle Manufacturing uses 2,700 switch assemblies per week and then reorders another 2,700. The relevant carrying cost per switch assembly is $11.00 and the fixed order cost is $1,350.

What is the current carrying cost? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
What is the order cost? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
What is the EOQ? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Carrying cost =

Order cost =

EOQ =

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

Finance Applications and Theory

Authors: Marcia Cornett, Troy Adair

3rd edition

1259252221, 007786168X, 9781259252228, 978-0077861681

More Books

Students also viewed these Finance questions

Question

Discuss the features of the IRCA.

Answered: 1 week ago