Cheeseburger and Taco Company purchases 9,097 boxes of cheese each year. It costs $10 to place...
Cheeseburger and Taco Company purchases 9,097 boxes of cheese each year. It costs $10 to place and ship each order and $9.87 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders.
What is the annual ordering cost of cheese inventory.
Round the answer to two decimals.
Homework Answers
=Acquisition Cost per order*Annual Demand/sqrt(2*Annual
Demand*Acquisition Cost per Order/Storage cost per unit)
=10*2097/sqrt(2*9097*10/9.87)
=$154.452
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Cheeseburger and Taco Company purchases 9,097 boxes of cheese
each year. It costs $10 to place...
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