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What is the most economical order quantity

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Reference no: EM133266343

A manufacturing company places a semi-annual order of 24,000 units at a price of $20 per unit. Its carrying cost is 15% and the order cost is $12 per order.

Required:

  1. What is the most economical order quantity?
  2. How many orders need to be placed?
  3. What s the Total Cost of Inventory?
  4. How often should an order be placed?

Reference no: EM133266343

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