The ChinaCheap Manufacturing Company operates 52 weeks per year. The company wants to set the production...
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The ChinaCheap Manufacturing Company operates 52 weeks per year. The company wants to set the production lot size for one of its flagship products, US Special Price, which has a per unit manufacturing cost of costs $22.00. The setup cost for US Special Price is $300/setup. The manufacturing cell where US Special Price is produced has a weekly capacity of 2,000 units and the annual demand for that product is 52,000 units. The lead time to make one batch of US Special Price is 1 week. The company estimates that the cost of holding inventory is 35%. On the basis of these data. The Economic Production Quantity, the Total Annual Inventory Related Costs and the Order Point for US Special Price are closest to; The ChinaCheap Manufacturing Company operates 52 weeks per year. The company wants to set the production lot size for one of its flagship products, US Special Price, which has a per unit manufacturing cost of costs $22.00. The setup cost for US Special Price is $300/setup. The manufacturing cell where US Special Price is produced has a weekly capacity of 2,000 units and the annual demand for that product is 52,000 units. The lead time to make one batch of US Special Price is 1 week. The company estimates that the cost of holding inventory is 35%. On the basis of these data. The Economic Production Quantity, the Total Annual Inventory Related Costs and the Order Point for US Special Price are closest to;
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