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 2,520 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
2,520
Holding cost per bracket per year
$1.50
Order cost per order
$19.25
Lead time
2 days
Working days per year
25 A) What is the EOQ? =(______) Units Rounded to two decimsl points Q=2DSH2 B)
What is the average inventory if the EOQ is used? =(______)Units Rounded to two decimsl points Average Inventory= Q/2
C)What would be the annual inventory holding cost?(______)$ Rounded to two Annual Holding Cost= Average inventory\times Holding Cost per Unit per Year D) Given the EOQ, how many orders would be made each year? Orders per year= Annual demand/Q =(_____) orders (round your response to two decimal places).
E) What would be the annual order cost? Annual Ordering cost= Orders per Year\times Per Order Cost=(_______) $(round your response to two decimal places). F)Given the EOQ, what is the total annual cost of managing(ordering and holding) the inventory? Total annual cost= Holding cost+ Ordering cost+ Cost of goods=(____)$ enter your response here (round your response to two decimal places).

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