Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the Economic Order Quantity ) = ( E O Q 1 1 . The calculated EOQ is ( USE A WHOLE NUMBER, NO DECIMALS

Using the Economic Order Quantity )=(EOQ
11. The calculated EOQ is (USE A WHOLE NUMBER, NO DECIMALS)
EOQ=2SDH2, EOQ =2(475)(7800)61.252=347.82
Using the calculated EOQ, How often will orders be placed? Weeks. DO NOT ROUND (Show 2 decimal places)
T.13.0,[(QD)52)
According to the information supplied, what would be the annual inventory cost if they used the calculated EOQ? Also, separately identify the annual holding cost (AHC) and annual ordering cost (AOC).
(2 decimal places each)
13. AOC=
14. AHC=
15.TC=
16. If they could order the EOQ instead of 900, how much would this one store stand to save annually? (2 decimal places)
image text in transcribed

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

Quantitative Methods For Business

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam

11th Edition

978-0324651812, 324651813, 978-0324651751

More Books

Students also viewed these General Management questions