## [answered] A particular raw material is available to a company at thre

 A particular raw material is available to a company at three different prices, depending on the size of the order:

 Less than 100 pounds \$ 30 per pound 100 pounds to 3,999 pounds \$ 29 per pound 4,000 pounds or more \$ 28 per pound

 The cost to place an order is \$30. Annual demand is 2,600 units. Holding (or carrying) cost is 25 percent of the material price.

 What is the economic order quantity to buy each time, and its total cost? (Round your answers to the nearest whole number.)

 Economic order quantity pounds Total cost \$

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This question was answered on: Sep 18, 2020

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