Question: Question 3 5 points Save Answer Quantity Discount: *NEW NUMBERS Consider a quantity discount problem where the yearly demand for the product is 1,065 units,

Question 3 5 points Save Answer Quantity

Question 3 5 points Save Answer Quantity Discount: *NEW NUMBERS Consider a quantity discount problem where the yearly demand for the product is 1,065 units, the ordering cost is $30, the annual holding cost is 49% of the purchase price, and the price depends on the quantity as follows: Quantity Ordered Purchase Prices 0 to 199 units $69 each 200 to 4.999 units $45 each 5,000 or more $38 each Assume the adjusted EOQ is 619 for the quantity range, 200 to 4,999 units, calculate the annual total cost for ordering this quantity including the cost of purchasing the product. (Round to two decimal places)

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