Quantity Discount Consider a quantity discount problem where the yearly demand for the product is 1065 units, the ordering cost is $30, the holding cost is 49 of the purchase price, and the price depends on the quantity as follows Quantity Ordered Purchase Price 0 to 199 units $69 each 200 to 4999 units $45 each 5000 or more $38 each If the adjusted EOQ is 619 for the quantity range, 200 to 4999 units, what is the annual cost for ordering this quantity including the cost of the product (Round the answer) (PLEASE SHOW CALCULATIONS)

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Question: Quantity Discount: Consider a quantity discount problem where the yearly demand for the product is 1065 units, the ordering cost is $30, the holding cost

Quantity Discount:

Consider a quantity discount problem where the yearly demand for the product is 1065 units, the ordering cost is $30, the holding cost is 49% of the purchase price, and the price depends on the quantity as follows:

Quantity Ordered	Purchase Price %
0 to 199 units	$69 each
200 to 4999 units	$45 each
5000 or more	$38 each

If the adjusted EOQ is 619 for the quantity range, 200 to 4999 units, what is the annual cost for ordering this quantity including the cost of the product. (Round the answer) (PLEASE SHOW CALCULATIONS)

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