Clap Off Manufacturing uses 1,600 switch assemblies per week and then reorders another 1,600. Assume the relevant carrying cost per switch assembly is $5.30 and the fixed order cost is $590.
Calculate the carrying costs. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Carrying costs $
Calculate the restocking costs. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Restocking costs $
Calculate the economic order quantity. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Economic order quantity
Calculate the EOQ number of orders per year. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Number of orders per year