Question: PPPPPlease solve it right, my second time to post it QUESTION 30 Problem D: Use the following to answer questions 30- 33: Estimated demand for

PPPPPlease solve it right, my second time to post it

QUESTION 30

Problem D: Use the following to answer questions 30- 33:

Estimated demand for gold-filled lockets at Sam's Bargain Jewelry and Housewares is 3,000 lockets a year. The ordering cost is $40, and that the following price schedule applies: 1 to 299 lockets, $20 each; 300 to 1,999 lockets, $19 each; and 2000 or more lockets at $18.50 each. Carrying cost per locket on an annual basis is 25% of locket price.

The feasible EOQ is:

A) 219

B) 227.8

C) 224.78

D) 199

E) 200

QUESTION 31

The annual holding cost at the feasible EOQ is:

A) 533.85

B) 475

C) 547.5

D) 526.78

E) 4625

QUESTION 32

The total annual cost at the feasible EOQ is:

A) 60,185

B) 61,095

C) 58,067

D) 56,553

E) 58714

QUESTION 33

What order size will minimize total cost?

224.78

219

227.8

300

2000

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