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Each year The Carpenters sell 2300 units of a product at a price of P630.25 each. The variable cost per unit is P392 and the carrying cost per unit is P167.50. The fixed cost of ordering is P78.50. 2.1 What is the economic order quantity (whole number)? 2.2 How much are the total ordering costs (nearest hundredths)?

Each year The Carpenters sell 2300 units of a product at a price of P630.25 each. The variable cost per unit is P392 and the carrying cost per unit is P167.50. The fixed cost of ordering is P78.50. 2.1 What is the economic order quantity (whole number)? 2.2 How much are the total ordering costs (nearest hundredths)?

Practical Management Science
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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Each year The Carpenters sell 2300 units of a product at a price of P630.25 each. The variable cost per unit is P392 and the carrying cost per unit is P167.50. The fixed cost of ordering is P78.50. 2.1 What is the economic order quantity (whole number)? 2.2 How much are the total ordering costs (nearest hundredths)?
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