Question: Joe Henrys machine shop uses 2,500 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following

Joe Henrys machine shop uses 2,500 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets:

Annual demand 2,500

Holding cost per bracket per year $1.60

Order cost per order $20.00

Lead time 0 days

Working days per year 250

Given the EOQ, how many orders will be made annually?

What would be the annual order cost?

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