Clap Off Manufacturing uses 1,150 switch assemblies per week and then reorders another 1,150. Assume the relevant carrying cost per switch assembly is $5.50 and the fixed order cost is $625. (Enter your answer as directed, but do not round intermediate calculations.)
Required:
(a) Calculate the carrying costs. (Round your answer to 2 decimal places (e.g., 32.16).)
Carrying costs $
(b) Calculate the restocking costs.
Restocking costs $
(c) Calculate the economic order quantity. (Round your answer to 2 decimal places (e.g., 32.16).)
Economic order quantity
(d) Calculate the EOQ number of orders per year. (Round your answer to 2 decimal places (e.g., 32.16).)
Number of orders per year