Clap Off Manufacturing uses 975 switch assemblies per week and then reorders another 975. Assume the relevant carrying cost per switch assembly is $6.25 and the fixed order cost is $430. |
a. | Calculate the carrying costs. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
b. | Calculate the restocking costs. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
c. | Calculate the economic order quantity. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
d. | Calculate the EOQ number of orders per year. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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