Corporation sells 66,000 iPhone covers each year. These covers are sold evenly throughout the year. Ordering costs are 120 per order, and carrying costs are $11.00 per unit per year. What is the economic order quantity (EOQ) for ordering the covers? What is the relevant total cost? If the purchase-order lead time is 1 week, what is the reorder point?

Answer rating: 100% (QA)

To calculate the Economic Order Quantity EOQ we can use the formula EOQ 2 x D x S H Where D Annual d... View the full answer