Question: Clap Off Manufacturing uses 2,500 switch assemblies per week and then reorders another 2,500. Assume the relevant carrying cost per switch assembly is $6.20 and
| Clap Off Manufacturing uses 2,500 switch assemblies per week and then reorders another 2,500. Assume the relevant carrying cost per switch assembly is $6.20 and the fixed order cost is $560. |
| Required: | |
| (a) | Calculate the carrying costs. (Do not include the dollar sign ($).) |
| Carrying costs | $ |
| (b) | Calculate the restocking costs. (Do not include the dollar sign ($).) |
| Restocking costs | $ |
| (c) | Calculate the economic order quantity. (Round your answer to 2 decimal places (e.g., 32.16).) |
| Economic order quantity. |
| (d) | Calculate the EOQ number of orders per year. (Round your answer to 2 decimal places (e.g., 32.16).) |
| Number of orders per year |
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