Question: Manatee uses EOQ logic to determine the order quantity for its various computer components and is planning its computer chip orders. The cost per chip

Manatee uses EOQ logic to determine the order quantity for its various computer components and is planning its computer chip orders. The cost per chip is $40. Forecasted annual demand is 1,000 chips. The cost associated with placing and receiving each order is $9. Carrying cost is estimated as $2 per unit per year. Lead time is 2 weeks. Number of weeks per year is 52. 2DS Qopt = H Total Cost = THC + TOCH + ROP = d x LT Approximate to one decimal place when needed

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