Burgoon uses an economic order quantity model and has determined an optimal order size of...
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Accounting
Burgoon uses an economic order quantity model and has determined an optimal order size of 500 units. Annual demand is 10,000 units, ordering costs are $50 per order, and holding costs are $4 per unit. The company's annual ordering and holding costs total:
$2,000.
$3,000.
$21,000.
$41,000.
some other amount.
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