A local nursery greens uses 1560 bags of plant food, Ask an Expert

Management Studies

A local nursery, Greens, uses 1560 bags of plant food annually. Greens works fifty-two weeks per year. It costs $10 to place an order for plant food. The annual holding cost rate is $5 per bag. Lead time is one week.

calculate the economic order quantity
Economic order quantity = units
(Round your answer to the nearest whole number.)

Calculate the total annual costs
Total annual costs = $
(Round your answer to 2 decimal places, the tolerance is +/-0.05. Do not round intermediate results used to achieve this answer.)

Determine the reorder point

Reorder point = units

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9443770

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