QUESTION 9 When the lead time doubles, the economic production quantity will increase. True False QUESTION 10 The annual demand for ice cream bars is 30,000 bars and the ordering cost is $200. The holding cost per year as a fraction of the unit cost is 0.30 or 30% and the unit cost per bar is $10. The economic order quantity (EOQ) is 2,000 bars. What is the annual ordering cost? Select the closest answer. $6,000 $1,500 $3,000 $600,000

QUESTION 9 When the lead time doubles, the economic production quantity will increase. True False QUESTION 10 The annual demand for ice cream bars is 30,000 bars and the ordering cost is $200. The holding cost per year as a fraction of the unit cost is 0.30 or 30% and the unit cost per bar is $10. The economic order quantity (EOQ) is 2,000 bars. What is the annual ordering cost? Select the closest answer. $6,000 $1,500 $3,000 $600,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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