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Table on page 73-74 example is the second photo that the question is referring too. Economic order quantity; tabular computation Lopez Chemical Inc. requires 20,000
Table on page 73-74 example is the second photo that the question is referring too.
Economic order quantity; tabular computation Lopez Chemical Inc. requires 20,000 gallons of material annually; the cost of placing an order is $20; the annual carrying cost per gallon is $5. Required: Determine the EOQ from potential order sizes of 300,400,500,600, 700 , and 800 gallons by constructing a table similar to the one appearing on pages 7374. (1) (2) (1) Size 100 200 300 400 500 600 (3) Number of Orders 100 50 33 25 20 17 (4) (5) (6) Total Order \& Carrying Cost $1,040 $1,000 50 $40 100 150 200 250 300 170 80 580 120 450 160 410 200 400 240 410Step by Step Solution
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