Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions

Question

Assess yourself as a leader. How would you like to improve?

Answered: 1 week ago