Question: Questi Problem 2 Eight Flags operates several amusement parks in the Midwest. The company stocks machine oil to service the machinery for the many rides

Questi Problem 2 Eight Flags operates several
Questi Problem 2 Eight Flags operates several amusement parks in the Midwest. The company stocks machine oil to service the machinery for the many rides at the parks. Eight Flags needs 30,000 gallons (D) of oil annu operate 50 weeks a year. Management is unsatisfied with the current supplier of oil and has obtained two bids from other suppliers. The data are contained in the following table. $4.10 Annual Freight Costs Shipping Quantity (Q) Price/Unit Annual Holding Time Annual Administrative Supplier 5,000 10,000 15,000 (p) Cost/Unit (H) (wks) Cost Sharps $4,800 $3,100 $2,600 $0.12 3 $4,000 Winder $5,000 $3,500 $3,200 $3.70 $0.74 $4.500 Which supplier and which shipping quantity will provide the lowest costs for Eight Flags? Using and a shipping quantity of is the lowest cost alternative, with annual total costs to Eight Flags of $(Enter your response as an integer) Enter your answer in the answer box and then click Check Answer Check Awer Clear All All parts showing 30 A # 3 $ 4 % 5 & 7 8 6 0 9 2 o Q E W R U Y T ab . K

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