Question: Phillip Flamm's Computer Store in Texas sells a printer for $ 2 2 0 . Demand is constant during the year, and annual demand is

Phillip Flamm's Computer Store in Texas sells a printer for $220. Demand is constant during the year, and annual demand is forecasted to be 720 units. Holding cost is $35 per unit per year, whereas the cost of ordering is $65 per order. Currently, the company is ordering 12 times per year (60 units each time). There are 250 working days per year, and the lead time is 6 days.
a) Given the current policy of ordering 60 units at a time, the total of the annual ordering cost and the annual holding cost is $1830(round your response to the nearest whole number).
b) If the company used the absolute best inventory policy, the total of ordering and holding cost is $1,810(round your response to the nearest whole number).
c) The reorder point is units (round your response to the nearest whole number).
 Phillip Flamm's Computer Store in Texas sells a printer for $220.

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