Abc company sells 2 052 chairs a year at an average price, Finance Basics

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Abc company sells 2 052 chairs a year at an average price

Question: ABC Company sells 2, 052 chairs a year at an average price per chair of $154. The carrying cost per unit is $18.79. The company orders 259 chairs at a time and has a fixed order cost of $58.9 per order. The chairs are sold out before they are restocked. What are the total shortage costs? Enter your answer off to two decimal points. Do not enter comma or S in the answer box. For example, if your answer is 12.345 then enter as 12.35 the answer box.

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Finance Basics: Abc company sells 2 052 chairs a year at an average price

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