Question: A bakery got a new price table from their flour provider: Order Quantity Price Per Bag 1-300 $15 301-400 $12 401 or more $10 Given

A bakery got a new price table from their flour provider:

Order Quantity	Price Per Bag
1-300	$15
301-400	$12
401 or more	$10

Given the bakery annual demand is 20,000bags, ordering cost $20/order, and holding cost $5/bag/year, if they use the discount EOQ model, what is the lowest total cost?

		10401
		12846.4
		241996
		15684.98

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Complete the statement of cash flow for January through June on the CashFlow worksheet by completing the following tasks. As part of the process, you will need to use a circular reference. You will...

A bakery got a new price table from their flour provider Order Quantity Price Per Bag 1-300 $15 301-400 $12 401 or more $10 Given the bakery annual demand is 20,000bags, ordering cost $20/order, and...

A bakery got a new price table from their flour provider: Order Quantity Price Per Bag 1-300 $15 301-400 $12 401 or more $10 Given the bakery annual demand is 20,000bags, ordering cost $20/order, and...

PLEASE ONLY GIVE ANSWER, NO EXPLANATION. Have the answers with the question number and part like I provided, ex. 1a, 1b, 2a, 2b, etc. Please pay attention to each picture for questions 1-8. 1. 1. The...

Mr. Ahmed works in a bakery which operates 6 days a week, 52 weeks a year. The bakery needs flour which is delivered to the bakery at 10 OMR each order. Each operational day. Mr. Ahmed needs 10 bags...

please help me with that!! thank you so much 1 . Future and present values Suppose a relative has promised to give you $1,000 as a wedding gift the day you get engaged. Assuming a constant interest...

One. 1)If a perfectly competitive industry is monopolized, consumer surplus: A. becomes equal to producer surplus. B. can be expected to decrease. C. usually remains constant. D. becomes double of...

Hw #5 Answer the following problems * Show ALL WORKI 3(A-D),4,19,20 31 cation for these Unit Cost Uni Cost 20 4. Por, 5100, E130 Find Moden this Story The intable context menu and me from Ny Time...

Hi Vjvgoe, Are you able to help me with this problem please? I would need to see it 7/16/17 since it's due that same week but I will put the deadline on 7/29/17. I have attached all of the...

Scenario You and your group work for a multi-national consulting firm. Your team is a group of capital budget consultants and are seeking new engagements. You intend on responding to a Request for...

1. What is JITD, describe it shortly. 2. What re the advantages and disadvantages of JITD 3. What problems do you found in barilla case? 4. List the lead time and inventory level in each stage of...

Prepare general journal entries on December 31 to record the following unrelated year-end adjustments. a. Estimated depreciation on office equipment for the year, SAR 2,000 b. The Prepaid Insurance...

In Example 9.6.5, determine the power of a level 0.01 test if |1 2| = .

how much federal tax to pay for 88000, filing jointly. show tax brackets

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...