Question: A company will begin stocking remote control devices. Expected monthly demand is 7 5 0 units. The controllers will be purchased from RCD supplier offering
A company will begin stocking remote control devices. Expected monthly demand is units. The controllers will be purchased from RCD supplier offering price breaks for quantities. RCDs price list is given here Given that ordering cost is $ and annual holding cost is of unit price per unit, provide the following results:
What is the feasible quantity? Blank
o What is the total annual ordering cost at this quantity? $ Blank
o What is the total annual holding cost at this quantity? $ Blank
o What is the total annual material cost at this quantity? $ Blank
o What is the total annual cost at this quantity? $ Blank
What is the most economical quantity to order? Blank
o What is the savings in total annual cost at this quantity? $ Blank
FORMAT FOR ENTRIES:
All quantities and costs are in two decimals after the dot. for example
DO NOT ENTER $ sign for costs
If no saving in costs is available ENTER
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