Dave's Fish Market (DFM) is open 12 months of the year. At DFM, the demand for fish
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Dave's Fish Market (DFM) is open 12 months of the year. At DFM, the demand for fish is a very consistent 500 pounds per month. DFM orders the fish from a distributor in British Columbia at an ordering cost of $135 per order. Fish costs $9 per pound, and the annual carrying charge is 25%. What is the EOQ for DFM? What is the value of the average inventory How many orders should DFM place in a year? What would their total ordering costs be for a year?
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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