Question: What is the Total Annual Holding cost when ordering at the current order size of 25? What is the Total Annual Ordering cost when ordering

What is the Total Annual Holding cost when

What is the Total Annual Holding cost when ordering at the current order size of 25?

What is the Total Annual Ordering cost when ordering at the current order size of 25?

What is the Total Annual Inventory cost (holding + ordering) when ordering at the current order size of 25?

What is the Economic Order Quantity for this spare part at Parkside Plumbing? (Enter as a whole number)

What is the Total Annual Holding cost when ordering at the EOQ?

What is the Total Annual Ordering cost when ordering at the EOQ?

What is the Total Annual Inventory cost (holding + ordering) when ordering at the EOQ?

What is the total annual cost savings of ordering at the EOQ opposed to the current order size of 25?

Complete for Inventory Problem Quiz Abey Kuruvilla, of Parkside Plumbing, uses 1,200 of a certain spare part that costs $25 for each order, with an annual holding cost of $24. Parkside Plumbing has been ordering is sizes of 25 units. What is the total annual cost savings of ordering at the EOQ opposed to their current order size? Spare Part Demand Order cost Annual holding cost Order size EOQ (calculated) Total Annual Holding Total Annual ordering TC TC (Q=25) TC @ EOQ Cost savings of ordering the EO

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