Using the following data, compute Lancaster Companys economic order quantity. Total units demanded annually . . .
Question:
Using the following data, compute Lancaster Company’s economic order quantity.
Total units demanded annually . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150,000
Cost to place one order . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,200
Total carrying cost for one unit for the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$4
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The economic order quantity EOQ is 15492 as shown be...View the full answer
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Related Book For 
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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