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options for the second part are: 7,500 boxes, 6,000 boxes, 6,500 boxes, and 7,000 boxes 10 orders, 11 orders, 12 orders, 13 orders 1,430, 1,560,
options for the second part are:
7,500 boxes, 6,000 boxes, 6,500 boxes, and 7,000 boxes
10 orders, 11 orders, 12 orders, 13 orders
1,430, 1,560, 1,690, 1,300
1,560, 1,430, 1,690, and 1,300
5,850, 3,900, 3,120, 2,340
Attempts: Keep the Highest: 12 13. Calculate economic ordering quantity (EOQ) Inventory costs can be categorized as the costs incurred for holding the inventory, the costs of ordering and receiving the inventory, and the cost of running out of inventory. costs relate to the placing and receiving of orders for inventory. Ordering of units in the optimal size order is called the economic ordering quantity (EOQ). Piven Company purchases custom-made durable Carrying es to ship its equipment. Each year, Piven uses 78,000 boxes. It costs Piven $130 to place each order, and the purchase price is $1.72 per vox. An analysis indicates that carrying costs are 25% of the purchase price. Based on the information provided, solve for the values under Piven's EOQ policy in the following table. Value EOQ for packing boxes Number of orders per year Total ordering cost for the year Total carrying cost for the year Total inventory-related cost per yearStep by Step Solution
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