Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Garden Varlety Flower Shop uses 6 3 0 clay pots a month. The pots are purchased at $ 2 6 0 each. Annual carrying costs
Garden Varlety Flower Shop uses clay pots a month. The pots are purchased at $ each. Annual carrying costs per pot are estimated to be percent of cost and ordering costs are $ per order. The manager has been using an order size of flower pots.
a What additional annual cost is the shop incurring by staying with this order szeRound your optimel order quentity to the nearest whole number. Round all other intermedlate calculations and your final answer to decimal places.
Answer is complete but not entirely correct.
Additional annual cost
$
b Other than cost savings, what benefit would using the optimal order quantity yleld relative to the order size of Use the rounded order quantity from Part a Round your final answer to the nearest whole percent.
Answer is not complete.
tableof the storage space would be needed.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started