Short Answer
The annual demand is 10,000 units, the ordering cost if $30 per order, the carrying cost is 20% and the unit cost if $15. The order quantity is 600 units. Calculate the a. annual ordering cost, b. the annual carrying cost, and c. the total annual cost.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: An item has an annual demand of
Q2: An item has an annual demand of
Q4: Discuss the characteristics or assumptions of the
Q5: Demand is not uniform and stock must
Q6: There is no reason to calculate the
Q7: Since the total cost is relatively _
Q8: As the order quantity increases, the average
Q9: Discuss the assumptions of the EOQ model.
Q10: Parts are often ordered in convenient packages
Q11: Some suppliers require a minimum order.