Question: Given the following information for a purchased component, what is the total annual cost for the item? - Annual demand =100,000 units - Purchase price

Given the following information for a purchased component, what is the total annual cost for the item? - Annual demand =100,000 units - Purchase price =$5 per unit - Order quantity =10,000 units - Order cost =$10 per order - Annual holding cost =$1,50 per unit

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