A material is purchased for $3 per unit. Monthly usage is 1,500 units, the ordering cost is
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Required:
(1) Compute the economic order quantity.
(2) Determine the proper order size if the material can be purchased at a 5% discount in lots of 2,000 units.
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1 2 Lots of 2000 units should be ordered based on the following computations QUANTITATIVE DA...View the full answer
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