PA 10-19 A bicycle manufacturer purchases bicycle seats... A bicycle manufacture

Question

PA 10-19 A bicycle manufacturer purchases bicycle seats... A bicycle manufacturer purchases bicycle seats from an outside supplier for $21 each. The manufacturer's inventory of seats turns over 1.3 times per month, and the manufacturer has an annual inventory holding cost of 31% Round your answer to 2 decimal places.) What is the inventory holding cost (in $) for a bicycle seat? per seat References eBook & Resources espreadshee. ISK ^ E solution for Midte. .pdf ^ Midterm Fall 2017 pat ^ Solution fo

Explanation / Answer

Cost of seat = 21

Holding cost = 0.31

Inventory cost fpr seat = 210* .31 = 6.72 per year

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