Graeme manages a candy store in a high traffic shopping mall where he has collected the following information:
Weekly demand for small candy boxes = 90 boxes
Cost to place one purchase order with the box supplier = $19.80
Cost to hold one box for one year in inventory = $2.45
ead time = 2 weeks
Weeks in a year = 52 weeks
-The total order and inventory-holding cost is:
A) less than $300.
B) more than or equal to $300 but less than $400.
C) more than or equal to $400 but less than $500.
D) more than or equal to $600.
Correct Answer:
Verified
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