Question: The Patrick Star Company uses assemblies to produce an array of small appliances. One of its high cost / high volume assemblies, the Squidward, has

The Patrick Star Company uses assemblies to produce an array of small appliances. One of its high cost / high volume assemblies, the "Squidward", has an estimated annual demand of 8,000 units. The company estimates the cost to place an order is $50, and the holding cost for each assembly is $20 per year. The company operates 250 days per year. Lead time is 8 days. What is the economic order quantity for the "Squidward"?
less than or equal to 100 units
greater than 100 units but less than or equal to 180 units
greater than 180 units but less than or equal to 250 units
greater than 250 units
None of these choices
 The Patrick Star Company uses assemblies to produce an array of

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