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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