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Queen Manufacturing uses 2,000 switch assemblies per week and then reorders another 2,000. Assume the relevant carrying cost per switch assembly is $5.70 and
Queen Manufacturing uses 2,000 switch assemblies per week and then reorders another 2,000. Assume the relevant carrying cost per switch assembly is $5.70 and the fixed order cost is $610. a. Calculate the carrying costs. Note: Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32. b. Calculate the restocking costs. Note: Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32. c. Calculate the economic order quantity. Note: Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. d. Calculate the EOQ number of orders per year. Note: Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a. Carrying costs b. Restocking costs c. Economic order quantity
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