Homework Answers
| Annual Demand | = | 42,000 | cubic yards |
| Ordering cost | = | $ 200 | |
| Carrying Cost | = | $20 X 10% | |
| = | $ 2 | ||
| EOQ | = | SQRT((2 X Annual Demand X Ordering Cost) / Carrying Cost) | |
| = | SQRT((2 X 42000 X $200) / $2) | ||
| = | 2898 | cubic yards | |
| Economic production quantity | = | 2898 | cubic yards |
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