When ordered the setup cost to produce an order is 600 and, Mechanical Engineering

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When ordered the setup cost to produce an order is 600 and

An item has a weekly demand of 120 units throughout the year. The item has a unit value of $24 and the company uses 16% of the item value for the annual inventory cost. When ordered, the setup cost to produce an order is $600, and the production process is able to produce 300 per week and deliver them weekly as produced. What is the economic-order quantity?

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Mechanical Engineering: When ordered the setup cost to produce an order is 600 and

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Mechanical Engineering: When ordered the setup cost to produce an order is 600 and

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