Question: Requirement 1. What is the economic order quantity (EOQ) for ordering the covers? Begin by selecting the formula used to calculate EOQ. ( D= Demand

Requirement 1. What is the economic order quantity (EOQ) for ordering the covers? Begin by selecting the formula used to calculate EOQ. (

Requirement 1. What is the economic order quantity (EOQ) for ordering the covers? Begin by selecting the formula used to calculate EOQ. ( D= Demand in units for one year, P= Ordering cost per purchase order, C=C Carrying cost of one unit in stock, Q= Any order quantity ) (Round your answer to the nearest whole number.) The EOQ is units. Requirement 2. What is the relevant total cost? Determine the formula used to calculate the annual relevant total costs. (RTC = relevant total cost, D= Demand in units for one year, P= Ordering cost per purchase order, C= Carrying cost of one ur in stock, Q= Any order quantity.) (Round your answer to the nearest whole number.) The RTC is Requirements 1. What is the economic order quantity (EOQ) for ordering the covers? 2. What is the relevant total cost? 3. If the purchase-order lead time is 1 week, what is the reorder point

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