Select cost information for Klondike Corporation is as follo…
Select cost information for Klondike Corporation is as follows: 1,000 units of output 2,000 units of output Total Cost/Unit Total Cost/Unit Direct materials $ 4,000 $ 4.00 $ 8,000 $ 4.00 Rent expense $ 2,000 $ 2.00 $ 2,000 $ 1.00 Based on this information:
Read DetailsPam runs a mail order business for gym equipment. Annual de…
Pam runs a mail order business for gym equipment. Annual demand is 16,000. The annual holding cost per unit is $3. The cost to place an order is $60. Find the optimal inventory level, EOQ. Then find the total cost (storage cost + order cost).
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