Apply It$-$ Chapter $12$ Homework: Managing Inventories in Supply Chains

Questions

Hint$($s$)$ Check My Work $(1$ remaining$)$

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Question $5$ of $11$

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Environmental considerations, material losses, and waste disposal can be included in the EOQ model to improve inventory$-$management decisions. Assume that the annual demand for an industrial chemical is $2,400lb,$ item cost is $$\frac{2}{l}b,$ order cost is $$32,$ inventory$-$holding cost rate $($percent of item cost$)$ is $19$ percent. Use the EOQ Model Excel template in MindTap to answer the following:

a$.$ Find the EOQ and total cost assuming no waste disposal. Do not round intermediate calculations. Round your answer for the EOQ to the nearest whole number and for the total cost to the nearest cent.

Economic Order Quantity: Ib

Total cost: $

Choose the correct graph illustrating the inventory costs.

The correct graph is

A$.$