1 answer

Kamal Corporation sells 60,000 iPhone covers each year. These covers are sold evenly throughout the year....

Question:

Kamal Corporation sells 60,000 iPhone covers each year. These covers are sold evenly throughout the year. Ordering costs are

Kamal Corporation sells 60,000 iPhone covers each year. These covers are sold evenly throughout the year. Ordering costs are $280 per order, and carrying costs are $2.10 per unit per year. Read the requirements Requirement 1. What is the economic order quantity (EOQ) for ordering the covers? Begin by selecting the formula used to calculate EoQ. (D Demand in units for one year, P Ordering cost per purchase order, C Carrying cost of one unit in stock, Q -Any order quantity) 2DP (Round your answer to the nearest whole number.) The EOQ is units.

Answers

Economic order quantity

= (2*60,000*280/2.10)^1/2

= 4,000 Units

Comment if you face any issues

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