Question
Question 16 ABC Company sells 38,436 chairs a year at an average price per chair of $23.28. The carrying cost per unit is $20.64. The
Question 16
ABC Company sells 38,436 chairs a year at an average price per chair of $23.28. The carrying cost per unit is $20.64. The company orders 133 chairs at a time and has a fixed order cost of $160.16 per order. The chairs are sold out before they are restocked. What are the total costs if the company orders the optimal quantity (Economic Order Quantity)?
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Finance Budget And Management For Reference Services Routledge Library Editions Library And Information Science
Authors: Ruth A. Fraley, Bill Katz
1st Edition
0367374293, 978-0367374297
