A foundry uses 3,600 tons of pig iron per year at a constant rate. The cost per

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A foundry uses 3,600 tons of pig iron per year at a constant rate. The cost per ton delivered to the foundry is $145. It costs $92 to place an order and $18 per ton per year for storage. Find the minimum-cost purchase quantity.

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Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

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Question Posted: Jul 14, 2017 10:17 AM

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A foundry uses 3,600 tons of pig iron per year at a constant rate. The cost per

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Economic order quantity EOQ is also called minimumco...View the full answer

Cost Accounting

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