1 answer

QUESTION 31 Given the following data: D 45,620 units per year, S - $120 per setup,...

Question:

QUESTION 31 Given the following data: D 45,620 units per year, S - $120 per setup, P-$5 per unit, and He 4.92 per year, Quant
QUESTION 31 Given the following data: D 45,620 units per year, S - $120 per setup, P-$5 per unit, and He 4.92 per year, Quantity ordered per order is 270 units. Using the Quantity ordered per order provided, calculate annual costs of holding and setup annual demand 45,629 $120 $5 setup cost product price (per unit) holding cost current order quantity 4.92 279 Excel Access

Answers

Answer)

Annual Cost of Holding = (Holding Cost x Current Order Quantity) / 2

= (4.92 x 279) / 2

= $686.34

Therefore, annual cost of holding is $686.34

Annual Setup Cost = (Setup Cost x Annual Demand) / Current Order Quantity

= (120 x 45629) / 279

= $19625.376

Therefore, annual setup cost is $19625.38

.

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