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The Burton company has an annual demand of 7,392 bins a year. It costs the company $450 each time it places an order with the

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The Burton company has an annual demand of 7,392 bins a year. It costs the company $450 each time it places an order with the supplier in the next state. The annual cost of carrying a bin in inventory is $18. The company operates 308 business days out of the year. The Burton Company has now decided to order 924 bins at a time (not necessarily the EOQ). How long is the order cycle time? The Burton company is continuing to order 924 bins at a time. Approximately how much money will be saved in annual inventory costs if the company switches to the EOQ (assume no stockouts)

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