Question: this is all the information provided for the question. i only need the total cost as i got the economic order quantity correct. A particular
this is all the information provided for the question. i only need the total cost as i got the economic order quantity correct.
A particular raw material is available to a company at three different prices, depending on the size of the order: $15 per pound Less than 100 pounds 100 pounds to 4,999 pounds 5,000 pounds or more $14 per pound $13 pound The cost to place an order is $50. Annual demand is 4,300 units. Holding (or carrying) cost is 20 percent of the material price, What is the economic order quantity to buy each time, and its total cost? (Round your answers to the nearest whole number.) Answer is complete but not entirely correct. Economic order Quantity Total cost pounds 392 1.097 $
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