Question: Economic Order Quantity Refer to the data in Exercise 21-1. Required: 1. Compute the economic order quantity. 2. Compute the ordering and carrying costs for

Economic Order Quantity Refer to the data in Exercise 21-1.

Required:

1. Compute the economic order quantity.

2. Compute the ordering and carrying costs for the EOQ.

3. How much money does using the EOQ policy save the company over the policy of purchasing 5,000 plastic housing units per order?


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