Abey​ Kuruvilla, of Parkside​ Plumbing, uses 1,350 of a certain spare part that costs ​$24 for each​ order, with an annual holding cost of $25. Part 2 ​a) Calculate the total cost for order sizes of​ 25, 40,​ 50, 60, and 100 ​(round your responses to two decimal​ places). Order Size Total Cost​ ($) 25 enter your response here 40 enter your response here 50 enter your response here 60 enter your response here 100 enter your response here ​b) What is the economic order​ quantity?units ​(round your response to two decimal​ places).

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Abey​ Kuruvilla, of Parkside​ Plumbing, uses 1,350 of a certain spare part that costs ​$24 for each​ order, with an annual holding cost of $25.

Part 2

​a) Calculate the total cost for order sizes of​ 25, 40,​ 50, 60, and 100 ​(round your responses to two decimal​ places).

Order Size

Total Cost​ ($)

25

enter your response here

40

enter your response here

50

enter your response here

60

enter your response here

100

enter your response here

​b) What is the economic order​ quantity?units ​(round your response to two decimal​ places).

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