Question: A food processor purchases corn for use in its products. The firm uses 600 pounds of corn per week and purchases corn for $0.35 per

A food processor purchases corn for use in its products. The firm uses 600 pounds of corn per week and purchases corn for $0.35 per pound from a supplier. Each time the firm orders corn from the supplier, the firm must pay an order processing charge of $44. The firm's annual holding cost percentage is 27%.

If the food processor orders 8,300 pounds of corn with each order, what is the sum of the annual holding and ordering costs?

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