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Clap Off Manufacturing uses 1,300 switch assemblies per week and then reorders another 1,300. Assume the relevant carrying cost per switch assembly is $5 and the fixed order cost is $575.
Required:(a) Calculate the carrying costs. (Do not include the dollar sign ($).)
Carrying costs $
(b) Calculate the restocking costs. (Do not include the dollar sign ($).)
Restocking costs $
(c) Calculate the economic order quantity. (Round your answer to 2 decimal places (e.g., 32.16).)
Economic order quantity
(d) Calculate the EOQ number of orders per year. (Round your answer to 2 decimal places (e.g., 32.16).)
Number of orders per year
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