Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Micro-Encapsulator Corp. (MEC) expects to sell 10,800 miniature home encapsulators this year. The cost of placing an order from its supplier is $150. Each unit

image text in transcribed
Micro-Encapsulator Corp. (MEC) expects to sell 10,800 miniature home encapsulators this year. The cost of placing an order from its supplier is $150. Each unit costs $67.50 and carrying costs are 30% of the purchase price. o. What is the economic order quantity? (Round your answer to the nearest whole value.) units b. What are total costs - order costs plus carrying costs - of inventory over the course of the year? (Round your answer to the nearest whole dollar.) ECO Total costs of Inventory

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_2

Step: 3

blur-text-image_3

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

Principles Of Commercial Real Estate Finance

Authors: Gail Ramshaw, Mortgage Bank

1st Edition

0793157099, 9780793157099

More Books

Students also viewed these Finance questions