Question: Study guide . final exam) The annual demand for an item is 100 units. The cost to process an order is $1 and the annual

Study guide . final exam) The annual demand for an item is 100 units. The cost to process an order is $1 and the annual inventory holding cost is 1% of item cost. (a) What is the optimal order quantity for range 1? Quantity Price $2.95 per Range 1: 1-9 unit Range 2: 10 - $2.50 per 999 unit Range 3 $2.30 per 1.000 - 4999 unit Range 4 5,000 or $1.85 per more unit 0 1 Needs to be discarded 8:23 09 First, all EOQs need to be determined

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