Question: A company will begin stocking remote control devices. Expected demand is 300 units per month. The controllers can be purchased from a supplier. Their price

A company will begin stocking remote control

A company will begin stocking remote control devices. Expected demand is 300 units per month. The controllers can be purchased from a supplier. Their price lists are as follows: (4Marks) Price Schedule of Supplier: Range Price per Unit (P) 1-149 $14.10 150-349 $13.90 350+ $13.70 Ordering cost is $20 and annual holding cost is $15 per unit. What order quantity is optimal if the intent is to minimize total annual costs

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