m6 MonthJanFebMarAprMayJunForecasted Demand9025900094509830963010100Olives Company plans on using a constant production of 9,250 units a month at a $824 perunit cost. The company has an inventory balance of 300 units at the beginning of January.Stockout cost due to loss sale is estimated to be $152 per unit. Monthly inventory holdingcost are $15 per unit. ABC can produce an additional 10% of its regular production inovertime at the cost of $80 more per unit.Assume that Olives Company will avoid stockout if possibleUnder this plan how much will will Olives Company spend on inventory holding cost (answerto the nearest whole number)Exam Guidelines

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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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