Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

See Well Bee Well, LLC produces a low-vision apparatus to help people with severe visual acuity problems. The demand rate is 245 units of the

image text in transcribed See Well Bee Well, LLC produces a low-vision apparatus to help people with severe visual acuity problems. The demand rate is 245 units of the apparatus per week. The production rate is 1500 units p week, and the setup cost is $85. The value of inventory is $300 per unit, and the holding cost is 20 percent (per year) of the inventory value. See Well Bee Well operates 48 weeks per year. What is the economic production lost size? Report the EPQ as an integer value rounded to minimize cost. Calculate the total annual cost using the integer value of the EPQ. Round your answer to two (2) decimal places. Do not include commas or the $ sign. \begin{tabular}{|l|l|} \hline EPQ & \\ \hline Total Cost & \\ \hline \end{tabular} (Report as an integer value. Round to minimize cost.) (Round to two decimal places. Do not include \$ sign)

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_2

Step: 3

blur-text-image_3

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

Early Entrepreneurship Everything You Need To Start Early

Authors: Dhruvv Lohia

1st Edition

979-8889759683

More Books

Students also viewed these General Management questions