BUSI 411 - A produce distributor uses 782 packing crates a month
Question # 00688306
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Updated on: 05/21/2018 09:52 AM Due on: 05/21/2018
A produce distributor uses 782 packing crates a month, which it purchases at a cost of $10 each. The manager has assigned an annual carrying cost of 31 percent of the purchase price per crate. Ordering costs are $30. Currently the manager orders once a month.
How much could the firm save annually in ordering and carrying costs by using the EOQ?(Round intermediate calculations and final answer to 2 decimal places. Omit the "$" sign in your response.)
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Rating:
/5
Solution: BUSI 411 - A produce distributor uses 782 packing crates a month