Final Exam$-$ In Class Version i

Help

Save & Exit

Submit

$27$

A particular raw material is available to a company at three different prices, depending on the size of the order:

Less than $100$ pounds

$100$ pounds to $1,000$ pounds

More than $1,000$ pounds

$$20$ per pound

$$19$ per pound

$$18$ per pound

$3$ points

$01$:$03$:$53$

The cost to place an order is $$40.$ Annual demand is $3,000$ units. The holding $($or carrying$)$ cost is $25$ percent of the material price.

What is the economic order quantity to buy each time, and its total cost?

$\backslash$table$[[$Economic order quantity$],[$Total cost$]]$

units

Mc

Graw