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Figure 24-3 Cozy Stoves Produces Wood-Burning Stoves. in Order to Produce the Produce

question 3

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Figure 24-3
Cozy Stoves produces wood-burning stoves. In order to produce the frames for the stoves, special equipment must be set up. The setup cost per frame is £40. The cost of carrying frames in inventory is £5 per frame per year. The company produces 100,000 stoves per year.
-Refer to Figure 24-3. Cozy Stoves' total setup costs associated with the economic order quantity are

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