Question: Order point Order Quantity Problem No. 4 (6 points) A specialty bathroom and kitchen suppliers sells an average of 24 high end bathtubs at a

Order point Order Quantity Problem No. 4 (6

Order point Order Quantity Problem No. 4 (6 points) A specialty bathroom and kitchen suppliers sells an average of 24 high end bathtubs at a price of $13,000 each. The lead time from the factory is a half a month. The dealer's ordering cost is $300, while a shortage will cost the dealer $9,000. Inventory carrying rate is 25%. Determine the order quantity and the order point

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