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ABC Company sells 2,564 chairs a year at an average price per chair of $147. The carrying cost per unit is $27.46. The company orders 500 chairs at a time and has a fixed order cost of $81 per order. The chairs are sold out before they are restocked. What is the economic order quantity?
ABC Company sells 3,063 chairs a year at an average price per chair of $195. The carrying cost per unit is $27.9. The company orders 239 chairs at a time and has a fixed order cost of $55.2 per order. The chairs are sold out before they are restocked. What are the total carrying costs?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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