Question: Exhibit 3. Consider the following data: Item cost $120 ea. Order cost $100 per order Annual holding cost 20% of item cost Annual demand 25,000

Exhibit 3. Consider the following data: Item cost

Exhibit 3. Consider the following data: Item cost $120 ea. Order cost $100 per order Annual holding cost 20% of item cost Annual demand 25,000 ea. Average weekly demand 500 ea. Standard deviation of weekly demand 50 ea. Lead time 3 weeks Service level 0.95 % Question 24 (1 point) Refer to Exhibit 3. What is the annual holding cost per unit? $20 $222 $120 $24 $240

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