A food processor uses approximately 432,000 glass jars a year for its fruit juice product. Because of storage limitation
Posted: Fri May 20, 2022 5:43 am
A food processor uses approximately 432,000 glass jars a year
for its fruit juice product. Because of storage limitations, a lot
size of 3,000 jars has been used. Yearly holding cost is $2.16 per
jar, and reordering cost is $50 per order. The company operates an
average of 20 days a month.
What penalty (per year) is the company incurring by its present
order size (correct your answer to 2 decimal places if
necessary)?
for its fruit juice product. Because of storage limitations, a lot
size of 3,000 jars has been used. Yearly holding cost is $2.16 per
jar, and reordering cost is $50 per order. The company operates an
average of 20 days a month.
What penalty (per year) is the company incurring by its present
order size (correct your answer to 2 decimal places if
necessary)?