Joan Zorba orders calculators for her office supply stores. Each calculator cost $35, currently she is ordering 230. Daily demand for these calculators is 54. The cost to re-order this item is estimated at $44, while the annual inventory holding cost is 22%. Orders are received eight working days after an order is placed. The office operates 52 weeks per year, 6 days per week.

What is the total annual cost using the EOQ?

a) Greater than or equal to $1688 and less than or equal to $1788

b) Greater than or equal to $3377 and less than or equal to $3477

c) Greater than or equal to $9948 and less than or equal to $9990

d) Greater than or equal to $4475 and less than or equal to $4576

Determine the reorder point using EOQ.

a) Greater than or equal to 2053 and less than or equal to 2064

b) Greater than or equal to 431 and less than or equal to 443

c) Greater than or equal to 6 and less than or equal to 25

d) Greater than or equal to 53 and less than or equal to 57

What is the duration of a cycle (in days) associated with the EOQ?

a) Greater than or equal to 6 and less than or equal to 10

b) Greater than or equal to 38 and less than or equal to 48

c) Greater than or equal to 58 and less than or equal to 68

d) Greater than or equal to .001 and less than or equal to 3