Question: A food processor uses approximately 1764 glass jars a month. Because of storage limitations, a lot size of 840 jars has been used. Monthly holding

A food processor uses approximately 1764 glass jars a month. Because of storage limitations, a lot size of 840 jars has been used. Monthly holding cost is $0.66 per jar, and ordering cost is $33 per order. What penalty (per month) is the company incurring by using its present order quantity?

a. 69.3

b. 277.2

c. 346.5

d. 0

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