Following Is Information Pertaining to Material That Is Used in the Assembly

question 25

Essay

Following is information pertaining to material that is used in the assembly of automobiles: $\begin{array}{ll}\text { Annual demand } & 4,000 \text { units } \\\text { Unit cost } & £ 25 \\\text { Cost of placing an order } & £ 600 \\\text { Carrying cost as a percentage of unit cost } & 10 \%\end{array}$
a.Calculate total annual carrying costs for an order quantity of 200 units per order.
b.Calculate total annual ordering costs for an order quantity of 200 units per order.
c.Determine the optimal order size.

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Definitions:

Grammar

The set of rules and structures used to organize and construct meaningful sentences in a language.

Logical Extensions

Developments or conclusions that logically follow from a set of premises or fundamentals.

Inflections

Changes in the form of words to express different grammatical categories such as tense, mood, voice, aspect, person, number, gender, and case.

Theory-Theory

The idea that humans naturally construct theories to explain and predict others’ behavior based on their observations of the world, similar to how scientists develop theories.