Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Queen Manufacturing uses 3,900 switch assemblies per week and then reorders another 3,900 . Assume the relevant carrying cost per switch assembly is $6.25 and
Queen Manufacturing uses 3,900 switch assemblies per week and then reorders another 3,900 . Assume the relevant carrying cost per switch assembly is $6.25 and the fixed order cost is $1,400. a. Calculate the carrying costs. Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 3216 . b. Calculate the restocking costs. Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. 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., 3216
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started