Explain how much money would be saved by switching to the

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Reference no: EM13390206

Suppose annual demand for a given item is 1,200 units. For this item, ordering cost is $60 and the annual cost of holding a unit in inventory is $10. Further suppose that currently this item is ordered in quantities of 120.

How much money would be saved by switching to an optimal order quantity?

A. Not in excess of $100

B. In excess of $100 but not in excess of $200

C. In excess of $200 but not in excess of $600

D. In excess of $600 but not in excess of $1,000

E. In excess of $1,000

Reference no: EM13390206

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