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Problem 1 4 - 4 ( LO 1 4 - 4 , 1 4 - 7 ) The Always Fresh Grocery... The Always Fresh Grocery
Problem LO The Always Fresh Grocery...
The Always Fresh Grocery Store carries a particular brand of tea that has the following characteristics:
Sales cases per week
Ordering cost $ per order
Carrying charge percent per year
Item cost $ per case
Given the above information, the EOQ and total cost are:
What is the effect on EOQ and total cost of the following types of changes? Round EOQs up to the nearest integer and total cost up to the next dollar.
Note: answer each part independently.
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