What are the total shortage costs

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ABC Company sells 2,995 chairs a year at an average price per chair of $198. The carrying cost per unit is $27.77. The company orders 330 chairs at a time and has a fixed order cost of $31 per order. The chairs are sold out before they are restocked. What are the total shortage costs? Enter your answer rounded off to two decimal points. Do not enter comma or $ in the answer bo

Reference no: EM131302857

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What are the total shortage costs : ABC Company sells 2,995 chairs a year at an average price per chair of $198. The carrying cost per unit is $27.77. The company orders 330 chairs at a time and has a fixed order cost of $31 per order. The chairs are sold out before they are restocked...

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