Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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A company that manufactures cars would use about 50,000 steering wheels per year. Such steering wheel is being ordered from a supplier that would cost the company P1,250.00 per order. It would also costs 40% of the steering wheel's cost to keep it annually. The steering wheel costs P7,500.00 each. How much is the total incentory cost? Show complete solution.
a. 307,500
b. 612,500
c.. 615,000
d. 305,000
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