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Please show steps/work with formulas or excel Economic order quantity (EOQ). Tinnendo, Inc. believes it will sell 4 million zen-zens, an electronic game, this coming
Please show steps/work with formulas or excel
Economic order quantity (EOQ). Tinnendo, Inc. believes it will sell 4 million zen-zens, an electronic game, this coming year. Note that this figure is for annual sales. The inventory manager plans to order zen-zens 34 times over the need year. The carrying cost is $0.02 per zen-zen per year. The order cost is $569 per order. It turns out that the marketing manager has underestimated the zen zen market. The zen-zens are a smash, and current estimates are that the company will sell 8 million of them per year. Should the inventory manager simply double the EOQ order quantity? Find the new EOQ, and verify that it is the correct order quantity by finding the new carrying cost and new ordering cost Should the inventory manager simply double the EOQ order quantity? (Select the best response.) A. Yes B. No What is the new EOQ? zen-zens (Round to the nearest whole unit) What is the new annual carrying cost for the zen-zens? (Round to the nearest dollar) What is the new annual ordering cost for the zen-zens? Round to the nearest dollar) INStep by Step Solution
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