Solution-Determine total cost of ordering and carrying at

Determine total cost of ordering and carrying at EOQ point

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Reference no: EM132850757

Question - Red Dog Company predicts 320units of materials will be used during the year. Expected daily usage is 15 units, there is an expected lead time of 10 days , there is a safety stock of 200 units. Material is expected to cost $4/unit. Estimated that cost $25 to place each order. Annual cost is $1 /unit.

Required -

a. Compute the order point.

b. Determine most eco order quantity by use of the formula.

c. Determine the total cost of ordering and carrying at EOQ point.

Reference no: EM132850757

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Determine total cost of ordering and carrying at EOQ point

Reference no: EM132850757

Reference no: EM132850757

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