Problemmacpack products orders materials from its suppliers, Ask an Expert

Management Studies

Problem:

MacPack Products orders materials from its suppliers 26 times per year, at a re-ordering cost of $350 (per order). The company's average inventory is valued at $400,000.

Required:

Question 1) What is Macpack's annual inventory carrying cost, assuming an ICC rate of 25%?

A) $109,000

B) Cannot be determined

C) $9,100

D) $100,000

Solve the problem and show all work.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91162410

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