Burton Company The Burton company has an annual demand of 7,392 bins a year.  It costs the company $450 each time it places an order for more bins. The annual cost of carrying a bin in inventory is $18. The company operates 308 business days out of the year. The manager uses the Basic EOQ Model when placing orders for bins.  What is the EOQ? Group of answer choices 392 598 24 608 430

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Burton Company

The Burton company has an annual demand of 7,392 bins a year.  It costs the company $450 each time it places an order for more bins. The annual cost of carrying a bin in inventory is $18. The company operates 308 business days out of the year.

The manager uses the Basic EOQ Model when placing orders for bins.  What is the EOQ?

Group of answer choices
392
598
24
608
430
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