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Given the information below, use the least unit cost lot sizing method to determine the production quantity for week 1. (Slides 45-46) Weeks Quantity Ordered
Given the information below, use the "least unit cost" lot sizing method to determine the production quantity for week 1. (Slides 45-46)
| Weeks | Quantity Ordered | Carrying Cost | Order Cost | Total Cost |
| 1 | 1500 | $0 | $250 | $250 |
| 1-2 | 2500 | $50 | $250 | $300 |
| 1-3 | 3500 | $150 | $250 | $400 |
| 1-4 | 4000 | $225 | $250 | $475 |
| 1-5 | 6500 | $725 | $250 | $975 |
| 1-6 | 8000 | $1,100 | $250 | $1,350 |
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Personal Finance
Authors: Jeff Madura
3rd Edition
0321357973, 978-0321357977
