Abc company sells 2412 chairs a year at an average price


ABC Company sells 2,412 chairs a year at an average price per chair of $182. The carrying cost per unit is $22.78. The company orders 344 chairs at a time and has a fixed order cost of $113.3 per order. The chairs are sold out before they are restocked. What are the total shortage costs?

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Financial Management: Abc company sells 2412 chairs a year at an average price
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