Final Exam Started: Jul 5 at 8:44am Quiz Instructions There are 29 questions on

Question

Final Exam Started: Jul 5 at 8:44am Quiz Instructions There are 29 questions on this exam worth a total of 75 points. Most questions are worth 2 points or 4 points. Manage your time accordingly Questions Questi V Quest Quest V Questi V Quest Questi V Questi V Questi D | Question 22 4 pts Time Running Attempt due: Jd 5 14 Minutes, 12 it to order 4 Annual demand for a company's product is 1200 units. The company uses an EOQ ordering policy whidh times annually. The holding cost per unit per year is $5 The company's annual holding cost is: O $1500 O $750 O $6000 O so No new data to save. Last checked at 9:45am Submit Quiz

Explanation / Answer

Annual demand is = 1,200 units

No of orders per year = 4

Annual holding cost is = ( Average cycle of inventory* Unit holding cost )

Annual holding cost is = ( 1200/4)*5

Annual holding cost is = $ 1,500/.

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