The following information applies to Krynton Corp. which supplies microscopes to laboratories throughout the country. Krynton purchases the microscopes from a manufacturer which has a reputation for very high quality in its manufacturing operation.
Annual demand (weekly demand= 1/52 of annual demand) | 16,000 units |
Orders per year as per EOQ model | 17 |
Annual relevant carrying costs | $2600 |
Assuming each order was made at the economic order quantity amount, what is the cost of placing an order?
◦ $850 per order
◦ $153 per order
◦ $144 per order
◦ $900 per order