Question: Problem 11-38 A particular raw material is available to a company at three different prices, depending on the size of the order, Less than 100

Problem 11-38 A particular raw material is

Problem 11-38 A particular raw material is available to a company at three different prices, depending on the size of the order, Less than 100 pounds 100 pounds to 2,999 pounds 3,000 pounds or more $ 15 $ 14 $ 13 per pound per pound per pound The cost to place an order is $40. Annual demand is 4,400 units. Holding (or carrying) cost is 30 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.) pounds Economic order quantity Total cost S

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