Question
Quantity Range Unit Price 0 to 249 18.00 250 to 499 17.60 500 to 17.40 Given that ordering cost is $30 and annual holding cost
| Quantity Range | Unit Price |
| 0 to 249 | 18.00 |
| 250 to 499 | 17.60 |
| 500 to | 17.40 |
Given that ordering cost is $30 and annual holding cost is 0.30 of unit price per unit, provide the following results:
What is the feasible quantity?Blank 1
o What is the total annual ordering cost at this quantity? $Blank 2
o What is the total annual holding cost at this quantity? $Blank 3
o What is the total annual material cost at this quantity? $Blank 4
o What is the total annual cost at this quantity? $Blank 5
What is the most economical quantity to order?Blank 6
o What is the savings in total annual cost at this quantity? $Blank 7
FORMAT FOR ENTRIES:
All quantities and costs are in two decimals after the dot. (8457.20, for example)
DO NOT ENTER $ sign for costs
If no saving in costs is available ENTER 0.00
- Blank 1 -
- Blank 2 -
- Blank 3 -
- Blank 4 -
- Blank 5 -
- Blank 6 -
- Blank 7 -
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Survey of Accounting
Authors: Carl S Warren
5th Edition
9780538489737, 538749091, 538489731, 978-0538749091
