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Your answer is partially correct. Bridgeport Ltd. uses 3,240 metres of fine gage brass each year. Brass wire costs $12 per metre, ordering costs are
Your answer is partially correct. Bridgeport Ltd. uses 3,240 metres of fine gage brass each year. Brass wire costs $12 per metre, ordering costs are $42 per order, and carrying costs are $2.10 per metre. Currently, Bridgeport orders 600 metres in each order. Is this the most economical order size? If not, what is the economic order quantity? How much will Bridgeport save using the EOQ? (Round answers to 2 decimal places, e.g. 125.74.) Economic order quantity 360 metres Bridgeport will save $ per year
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