Question: Problem 1 ( 1 0 pts ) Quantum Quality Bytes is a computer component manufacturer. They use 1 0 0 spools of wiring per month

Problem 1(10 pts)
Quantum Quality Bytes is a computer component manufacturer. They use 100 spools of wiring per month in their processes. The wire spools are purchased at $20.00 per spool and the annual cost to store a spool is estimated to be 10% of the purchase price. The ordering cost is $42 per order and the company has been placing orders for 1000 spools when resupplying.
a. Determine the EOQ, rounded up to the nearest spool.
b. How much money will be saved if Quantum Quality Bytes orders the EOQ amount?
Problem 1(10 pts) Quantum Quality Bytes is a computer component manufacturer.

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