Question: Problem 11-38 A particular raw material is available to a company at three different prices, depending on the size of the order: The cost to

Problem 11-38

A particular raw material is available to a company at three different prices, depending on the size of the order:

Problem 11-38 A particular raw material is

The cost to place an order is $50. Annual demand is 4,300 units. Holding (or carrying) cost is 25 percent of the material price.

What is the economic order quantity to buy each time, and its total cost? (Round your answers to the nearest whole number.)

Economic order quantity _________pounds

Total cost $ _________

PLEASE HELP ME FAST IN OPMA. THANK YOU

Less than 100 pounds 100 pounds to 999 pounds 1,000 pounds or more $ 30 $29 $28 per pound per pound per pound

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