Stimpson Company sells 900 units of its deluxe product each year.The cost of setting up for one production run is $150; the cost of carrying one unit in inventory for a year is $3. A. What is the economic order quantity?
B. What is the annual setup cost of the EOQ policy?
C. What is the annual carrying cost of the EOQ policy?
D. What is the total inventory-related cost of the EOQ policy?
Correct Answer:
Verified
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