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Redan Manufacturing uses 1,600 switch assemblies per week and then reorders another 1,600. The relevant carrying cost per switch assembly is $5.50, and the fixed
Redan Manufacturing uses 1,600 switch assemblies per week and then reorders another 1,600. The relevant carrying cost per switch assembly is $5.50, and the fixed order cost is $800. |
What is the current carrying cost? |
Carrying cost | $ |
What is the order cost? |
Order cost | $ |
Calculate the economic order quantity. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
EOQ |
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