[Solution] Gentle Electric, which we discussed in class, has learned about a new company on the West Coast that has the following prices (I've included
Question: Gentle Electric, which we discussed in class, has learned about a new company on the West Coast that has the following prices (I've included the 50-cent unloading fee with the price.)
first 100 $485.50
next 100 $470.50
next 100 $450.50
Holding costs remain at 20% of the value of the inventory, maximum warehouse space is still 200 units, and each time you place an order it costs $25.
- Compute the average cost for if the order quantity is 285 units.
- Compute the annual ordering costs if the order quantity is 285 units.
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Compute the annual holding costs if the order quantity is 285 units.
- Compute the annual warehouse costs if the order quantity is 285.
Deliverable: Word Document 