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Please answer ASAP Question 1 Cempaka Bhd uses 80,000 gallons of varnish per year. The cost of ordering the varnish is RM400 per order. The
Please answer ASAP
Question 1 Cempaka Bhd uses 80,000 gallons of varnish per year. The cost of ordering the varnish is RM400 per order. The cost of holding the varnish in inventory is RM2 per gallon per year. The company uses the varnish at a constant rate throughout the year. Required: a. Calculate the economic order quantity. b. Assuming that it takes 25 days to receive an order once it has been placed, determine the reorder point in gallons of varnishStep by Step Solution
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