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Question 1 A. 15 000 units of a product are demanded annually. Ordering cost is $85 per order and carrying cost is 25% of the
Question 1
A. 15 000 units of a product are demanded annually. Ordering cost is $85 per order and carrying cost is 25% of the unit cost which is $18.
Determine:
i. The economic order quantity
ii. Annual ordering cost
iii. Total annual cost
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