Given the following information, what is the Total Annual Cost when ordering and holding costs only...
Given the following information, what is the Total Annual Cost when ordering and holding costs only are taken into consideration?
| Annual Demand | 15,000 |
| Order Quantity | 500 |
| Order Cost | $30 per order |
| Holding Cost | 20% per unit per year |
| Unit Cost | 25 |
Homework Answers
DEMAND = 15000
ORDERING COST = 30
HOLDING COST = 5
COST PER UNIT = 25
ANNUAL HOLDING COST = (EOQ / 2) * HOLDING COST = (500 / 2) * 5 =
1250
ANNUAL ORDERING COST = (DEMAND / EOQ) * ORDERING COST = (15000 /
500) * 30 = 900
TOTAL COST OF MANAGING = AHC + AOC = 1250 + 900 = 2150
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