Question: Instructions Introduction: Before responding to this question, please review the assigned reading from the textbook for this module. Description: The Lopez Brake and Muffler shop
Instructions Introduction: Before responding to this question, please review the assigned reading from the textbook for this module. Description: The Lopez Brake and Muffler shop installs mufflers on most domestic and foreign cars. The mufflers needed are bought for $30 each and are ordered in quantities of 1,300 units. Annual demand is 5,200 mufflers, the annual inventory holding cost rate is $3 per unit, and the order placing c cost is estimated to be $50. Calculate the following: 1. Average inventory level 2. The number of orders placed per year 3. The total annual inventory holding cost 4. The total annual ordering cost 5. The total annual cost
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