What is the annual cost for ordering and holding inventory

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Reference no: EM131817044

ABC Co. Can manufactures a subcomponent at the rate of 700 per day when required. Its annual demand for this item is 80000 units. Assume 250 working days per year.

Holding cost is 20$ per unit year. Set-up cost is 1000 per set up Find:

a) What percentage of time during the year will this item be produced.

b) What is the annual cost for ordering and holding inventory.

Reference no: EM131817044

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