A company's inventory policy is to orders supplies so as not to exceed an inventory level...

 

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A company's inventory policy is to orders supplies so as not to exceed an inventory level beyond 100 units. It offers a discount of 10 % if the order size is atleast 60 units. The fixed cost per order is $80. Based on this information (shown below), calculate the total cost of the next order(s). Parameters Component ID Inventory On-Hand Cost per unit Order Up to Point Fixed Cost per Order Minimum Order Size for Discount Discounted to Model Component ID Order Quantity Cost of Goods Total Number of Orders Fixed Costs of Orders Cost of Goods Ordered Total Cost 1 10 $4.25 1 100 $80 60 90% 2 30 $12.50 2 3 70 $3.50 3 4 50 $4.15 A company's inventory policy is to orders supplies so as not to exceed an inventory level beyond 100 units. It offers a discount of 10 % if the order size is atleast 60 units. The fixed cost per order is $80. Based on this information (shown below), calculate the total cost of the next order(s). Parameters Component ID Inventory On-Hand Cost per unit Order Up to Point Fixed Cost per Order Minimum Order Size for Discount Discounted to Model Component ID Order Quantity Cost of Goods Total Number of Orders Fixed Costs of Orders Cost of Goods Ordered Total Cost 1 10 $4.25 1 100 $80 60 90% 2 30 $12.50 2 3 70 $3.50 3 4 50 $4.15