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From the Data in the Table Below, Calculate the Total

Question 65

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From the data in the table below, calculate the total annual cost using the economic order quantity model.
 Data  Annual Demand Rate 10,000 Ordering Cost $150 Unit Cost $16 Carrying Charge Rate 0.2 Order Quantity 1,000\begin{array}{|l|l}\hline \text { Data } & \\\hline \text { Annual Demand Rate } & 10,000 \\\hline \text { Ordering Cost } & \$ 150 \\\hline \text { Unit Cost } & \$ 16 \\\hline \text { Carrying Charge Rate } & 0.2 \\\hline \text { Order Quantity } & 1,000\end{array}

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