eoq, annual cost, reorder point

Project Description:

answer needed in at least 5 hours and shows all work.

a local nursery, greens, uses 2184 bags of plant food annually. greens works 52 weeks per year. it costs $8 to place an order for plant food. the annual holding cost rate is $2 per bag. lead time is two weeks.
a. calculate the economic order quantity
b. calculate the total annual cost
c. determine the reorder point
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Price Type: Negotiable

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