1. ABC Company sells 4,942 chairs a year at an average price per chair of $125. The carrying cost per unit is $15.33. The company orders 250 chairs at a time and has a fixed order cost of $52.7 per order. The chairs are sold out before they are restocked. What are the total carrying costs?
2. You visited Switzerland over summer and brought back 2,067.68 swiss francs to the United States. How many U.S. dollars will you get if you exchange your swiss francs for U.S. dollars? The exchange rate is 1 U.S dollar = 0.8973 swiss francs.