For the 3 products below, you're asked to determine the economic production quantities. They use the same equipment. For

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For The 3 Products Below You Re Asked To Determine The Economic Production Quantities They Use The Same Equipment For 1 (46.16 KiB) Viewed 37 times

For the 3 products below, you're asked to determine the economic production quantities. They use the same equipment. For each product, the unit cost is based on $5 per material, $5 per production and $5 for overhead costs. Assume that the company mentioned here operates 216 days of the year. The table below has the information needed: Product Annual Demand ($) Annual Production (units) Holding cost ($ per unit per year) Set up cost ($) per order 000> A $350,000 25,000 $10 $35 B $175,000 12,000 $5 $15 с $125,000 10,000 $3 $20 a. Find the economic order quantity for each product (assume non-instantaneous receipt for the lots) I