A product is made to stock. Annual demand is 86,000 units. Each unit costs $9.50 and the annual\nholding cost rate is 22%. Setup cost to produce this p
A product is made to stock. Annual demand is 86,000 units. Each unit costs $9.50 and the annual
\r\nholding cost rate is 22%. Setup cost to produce this product is $800. Determine (a) economic order
\r\nquantity and (b) total inventory costs for this situation.
\r\n