Question $13$

Scenario $2$: The Universal Computer Company uses a newly developed Al chip in the manufacturer of their tablet

computers. The estimated annual demand for this chip is $12,000$ units. It is estimated that the cost to place an ander is

$$75,$ and the holding cost for each chip is $$20$ per year. The company operates $320$ days per year.

Use the information in Scenario $2.$ What is the annual inventory holding cost if the Universal Computer Company orders

using the EOQ quantity?

less than or equal to $$1,500$

greater than $$1,500$ but less than or equal to $$2,500$

greater than $$2,500$ but less than or equal to $$3,500$

greater than $$3,500$