What is the annual holding cost incurred by sweek bee

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Assignment:

Sweet Bee offers a special line of flavored syrups produced by a local farmer. The most popular syrup is the raspberry syrup which sells, on average, 50 bottles per week. Sweet Bee buys the raspberry syrup for $13 per bottle from the farmer. Sweet Bee has determined its order cost to be $42 and the (annual) inventory holding cost is 28%. Sweet Bee is open for business 52 weeks per year.

What is the annual holding cost incurred by Sweek Bee when operated under the EOQ?

Reference no: EM133594092

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