One of the best selling items L.T. Ten offers sells for $9.99 a unit. The variable cost per unit is $6.38 and the carrying cost per unit is $1.12. The firm sells 7,100 of these units each year. The fixed cost to order this item is $75. What is the economic order quantity?
A) 690 units
B) 747 units
C) 975 units
D) 1,157 units
E) 1,260 units
Correct Answer:
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