Please do not give solution in image format thanku 16) What is the annual ordering cost if Talbot orders using the EOQ quantity?A) less than or equal to $1,000B) greater than $1,000 but less than or equal to $2,500C) greater than $2,500 but less than or equal to $4,000D) greater than $4,000 The Talbot Company uses electrical assemblies to produce an array of small appliances. One ofits high cost /high volume assemblies, the XO-01, has an estimated annual demand of 8,000units. Talbot estimates the cost to place an order is $50, and the holding cost for each assembly is$20 per year. The company operates 250 days per year.

Annual ordering cost refers to the expenses incurred by a business in placing as well as receiving…

16) What is the annual ordering cost if Talbot orders using the EOQ quantity? A) less than or equal to $1,000 B) greater than $1,000 but less than or equal to $2,500 C) greater than $2,500 but less than or equal to $4,000 D) greater than $4,000

16) What is the annual ordering cost if Talbot orders using the EOQ quantity? A) less than or equal to $1,000 B) greater than $1,000 but less than or equal to $2,500 C) greater than $2,500 but less than or equal to $4,000 D) greater than $4,000

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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