Cheeseburger and Taco Company purchases 7,408 boxes of cheese each year. It costs $24 to place and
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Cheeseburger and Taco Company purchases 7,408 boxes of cheese each year. It costs $24 to place and ship each order and $7.41 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders. What is the annual carrying costs of cheese inventory. Round the answer to two decimals.
Related Book For
Managerial Accounting
ISBN: 978-1118385388
2nd edition
Authors: Ramji Balakrishnan, Konduru Sivaramakrishnan, Geoff B. Sprinkle
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