Economic order quantity for purchases of these clickers

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Reference no: EM132296971

1. The BYU-Idaho University Store purchases classroom clickers for $370 for each case of 16 units. Annual demand is estimated to be 3,050 units per year. It costs $105 to process and receive an order with a $3.10 holding cost per unit per year.

What is the economic order quantity (EOQ) for purchases of these clickers? (Displayyour answer to the nearest whole number.)

2. The Candy Shack has a monthly demand of 150 bags of Watermelon Slices. They pay $14.50 for each box of candy which contains 15 bags for sale. Their ordering costs are $50. Holding costs are negligible but they do pay 9% annually on the money they borrow to make such purchases.

What is the annual demand—in terms of boxes? (Display your answer to the nearest whole number.)

What is the materials costs—per bag? (Display your answer to two decimal places.)

What is the economic order quantity (EOQ)—in terms of bags? (Display your answer to the nearest whole number.)

Reference no: EM132296971

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