Economic order quantity
Annual demand for a component is 20 000 units per year. Storage cost per unit per year is £8, and each order costs £200. What is the company’s economic order quantity?
Correct answer:
Tips for related online calculators
Do you want to convert time units like minutes to seconds?
You need to know the following knowledge to solve this word math problem:
Related math problems and questions:
- Tabitha
Tabitha manufactures a product that sells very well. Her facility has a capacity of 241,000 units per year. The fixed costs are $122,000 annually, and the variable costs are $11 per unit. The product currently sells for $17. a. What total annual revenue i - box orders
You must order 100 wooden boxes from the United States of America. Each box costs $2.35 (dollars). How much will the order cost in £ (GB pounds)? The exchange rate is $1 = £0.70 - Common ratio
If 200 units of a commodity are consumed in the first year, and if the annual rate of increase in consumption is 5% (a) what amount is consumed in the 8th year; (b) in the first 15 years? - Vegetable storage
To help vegetables stay fresh longer, Liam's family maintains storage near their home. The total volume of the root cellar is 737 cubic feet (ft³). Use the fact that 1 foot is approximately equal to 0.3048 m to convert this volume to m³. Round your answer
- Cost structure
You are currently trying to decide between two cost structures for your business: one with a greater proportion of short-term fixed costs and another more heavily weighted to variable costs. Estimated revenue and cost data for each alternative are as foll - Environmentally 30731
Peter plans to buy a used seven-seater for a large family. The so-called van or MPV. The first car Renault Espace 2.0 dCi 16V Dynamique 2006, costs 2000 euros + 350 euros registration for Slovak brands, imported from Italy. It is 14 years old and has a co - Conference 2
Nine people attended a conference on behalf of their company. The conference fee was £520 per person, and the company paid £856 in travel costs for the nine people. How much did the conference cost the company altogether?
