Question: please answer timely [Chapter 12] EOQ Model A local distributor expects to sell 32,000 units of an electrical device per year. These electrical devices are
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please answer timely
[Chapter 12] EOQ Model A local distributor expects to sell 32,000 units of an electrical device per year. These electrical devices are purchased from a supplier in a different state. The following information is known about the problem: Annual demand, D 32,000 units Holding cost per unit per year, H $12 Ordering cost per order, S $120 Number of working days per year 240 Write your final answer only (without intermediate steps) for the fill-in-the-blank questions. Question 22 (4 points) A/ The economic order quantity (EOQ) = units. Round the final answer (if it is not an integer) to the nearest integer. Question 23 (4 points) Based on the EOQ, the average inventory = A units. Round the final answer (if it is not an integer) to the nearest integer. Question 24 (4' points) The optimal number of orders per year = A/ orders. Round the final answer (if it is not an integer) to the nearest integer. Question 25 (4 points) Total annual inventory cost (excluding the purchase cost) = $ A Round the final answer (if it is not an integer) to the nearest integerStep by Step Solution
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