Identify the economic order quantity

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Reference no: EM132249434

Abey Kuruvilla, of Parkside Plumbing, uses 1,230 of a certain square part that costs $25 for each order, with an annual holding cost of $23.

a) Calculate the total cost for order sizes of 25,40,50,60, and 100. (round your responses to two decimal places.)

b) Identify the economic order quantity and consider the implications for making an error in calculating economic order quantity.

Reference no: EM132249434

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