Question: Jordin Henry's machine shop uses 2 , 5 2 0 brackets during the course of a year. These brackets are purchased from a supplier 9
Jordin Henry's machine shop uses brackets during the course of a year. These brackets are purchased from a supplier miles away. The following information is known about the brackets:
Annual demand
Holding cost per bracket per year
$
Order cost per order
$
Lead time
days
Working days per year
A What is the EOQ? Units Rounded to two decimsl points Q B
What is the average inventory if the EOQ is used? Units Rounded to two decimsl points Average Inventory Q
CWhat would be the annual inventory holding cost$ Rounded to two Annual Holding Cost Average inventorytimes Holding Cost per Unit per Year D Given the EOQ, how many orders would be made each year? Orders per year Annual demandQ orders round your response to two decimal places
E What would be the annual order cost Annual Ordering cost Orders per Yeartimes Per Order Cost $round your response to two decimal places FGiven the EOQ, what is the total annual cost of managingordering and holding the inventory? Total annual cost Holding cost Ordering cost Cost of goods$ enter your response here round your response to two decimal places
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