What will be their total cost of ordering the nails

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Reference no: EM131335445

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Our home construction company still buys nails in 15-pound boxes but now we use an average of 2690 boxes a year. Preparing an order and receiving a shipment of nails involves a cost of $2.35 per order. Annual carrying costs are $1.0 per bag.
What will be their total cost of ordering and carrying the nails? (Include the pennies in your answer)

Our home construction company buys nails in 15-pound boxes. We use an average of 2215 boxes a year. The vendor that makes the nails can produce 33 boxes per day while our usage is 8 boxes per day. It costs $1.60 to place the typical order. Annual carrying costs are $0.20 per box.

What will be our average number of boxes on hand if we order the EOQ bags in each order? (Keep up to two decimal places in your answer)

Reference no: EM131335445

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