Question: what will be the answer for the box A fresh produce distributor uses 800 nonreturnable packing crates a month, which it purchases at a cost

what will be the answer for the box

A fresh produce distributor uses 800 nonreturnable packing crates a month, which it purchases at a cost of $5 each. The manager has assigned an annual holding cost of 25 percent of the purchase price per crate. Ordering cost is $28 per order. Currently the manager orders 800 crates at a time. How much could the firm save annually in ordering and holding costs by using the EOQ? (Round the final answer to 2 decimal places.) Annual savings $

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