Calculate the cost of ordering-cost of carrying inventory

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Reference no: EM132277426

1. Should state and local budgets be based on financing existing and proposed policies, or should policy enactment be based on the availability of resources to finance them? Explain and give examples.

2. A company decides to establish an EOQ for an item. The annual demand is 600,000 units, each costing $8, ordering costs are $28 per order, and inventory-carrying costs are 20%. Calculate the following:

A. The EOQ in units.

B. Number of orders per year.

C. Cost of ordering, cost of carrying inventory, and total cost

Reference no: EM132277426

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