# Joe​ Henry's machine shop uses 2,520 brackets during the course of a year. These brackets are...

###### Question:

Joe​ Henry's machine shop uses 2,520 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the​ brackets:

 Annual demand 2,520 Holding cost per bracket per year $1.25 Order cost per order$18.50 Lead time 22 days Working days per year 250
 a) What is the​ EOQ? ____units ​(round your response to two decimal​ places).
 ​b) What is the average inventory if the EOQ is​ used? _____units ​(round your response to two decimal​ places). What would be the annual inventory holding​ cost? $_____(round your response to two decimal​ places).  ​c) Given the​ EOQ, how many orders will be made​ annually? ____orders ​(round your response to two decimal​ places). What would be the annual order​ cost?$_____​(round your response to two decimal​ places).
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