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Charles cycles produces bicycles and cycles, set up cost when switching production from one to...

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Accounting

Charles cycles produces bicycles and cycles, set up cost when switching production from one to other is $1000. on average, retail customers order 150 tricycles per day(consider 250 day year). the daily production rate for tricycles is 600 units. unit cost of a tricycle is $60 and the company has determined inventory carrying cost to be 15%. what is production order quantity?

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