Question: how to solve the problem step by step Question 17 (10 points) The annual demand, ordering cost, and the annual inventory carrying cost rate for

how to solve the problem step by step

how to solve the problem step by step Question 17

Question 17 (10 points) The annual demand, ordering cost, and the annual inventory carrying cost rate for a certain item are D = 600 units, S - $20/order and I = 30% of item price. Price is established by the following Quantity discount schedule. Range 1 Range 2 Range 3 Minimum quantity 1 50 250 Quantity 1 to 49 250 and 50 to 249 up Price $5.00 per $4.50 per $4.10 per unit unit unit What is the actual order quantity for Range 22 What is the ordering cost for Range 2? What is the holding cost for Range 32 What should the order quantity be in order to minimize the total annual cost? ? 1. 126 What is the ordering cost for Range 32 2. 133 3. 140 What is the calculated order quantity (Q") for Range 12 4. 250 What is the Total Inventory cost for Range 3? 5. $90 6. $153.75 What is the Total unit cost for Range 2? ? 7. $48 What is the actual order quantity for Range 3? 8. $2,700 9. $2.460 What is the calculated order quantity (Q*) for Range 32 10. $2.880 11. $2,661.75 What is the actual order quantity for Range 1? 12 None What is the Total unit cost for Range 3? What is the holding cost for Range 2? What is the Total Inventory cost for Range ? 2? What is the calculated order quantity (Q") for Range 22

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