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Problem 7-28 Charles Cycles produces bicycles and tricycles. The setup cost when switching production from one to the other is $3,300. On average, retail customers
Problem 7-28 Charles Cycles produces bicycles and tricycles. The setup cost when switching production from one to the other is $3,300. On average, retail customers order 240 tricycles per day consider a 250-day year). The daily production rate for tricycles is 830 units. Unit cost of a tricycle is $84 and the company has determined inventory carrying cost to be 15 percent What should the production order quanity be? (Round up your answer to the next whole number)
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