Question: show all working please and step by step As the assistant manager you have been asked to reviewing the costs associated with one of your
show all working please and step by step
As the assistant manager you have been asked to reviewing the costs associated with one of your company's better-selling products. Using the data provided: Demand = 600 units/year Order cost = $25/order Holding cost = 50c/unit/year a) Determine the EOQ and its associated ordering and holding costs. (15pts) If annual demand doubles and all other costs remain the same, what is the new EOQ and total annual cost? (15pts) b)
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