Higgins Athletic Wear has expected sales of 22,500 units a year, carrying costs of $1.50 per unit,
Question:
Higgins Athletic Wear has expected sales of 22,500 units a year, carrying costs of $1.50 per unit, and an ordering cost of $3.00 per order.
a. What is the economic order quantity?
b. What is average inventory? What is the total carrying cost?
c. What is the total inventory cost?
d. Assume an additional 30 units will be required as safety stock. What will the new average inventory be? What will the new total carrying cost be?
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Diagnostic Supplies a b EOQ2 3002 150 units average inventory 15...View the full answer
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Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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