The Talbot Company uses electrical assemblies to produce an array of small appliances. One of the assemblies, the XO-01, has an estimated annual demand of 11,000 units. The cost to place anorder for these assemblies is $500, and the holding cost for each assembly unit is approximately $20 per year. The company has 320 workdays per year.What is the economic order quantity (EOQ) for the XO-01? (Round your answer to the nearest whole unit.)The EOQ is units.What is the annual inventory holding cost of the XO-01 if Talbot Co. uses the EOQ for orders? (Round your answer to the nearest cent, i.e., two decimal places.)The annual inventory holding cost is $ per year.If they use the EOQ for orders, what is the cycle length (time between orders) for the XO-01? (Round your answer to the nearest whole number of workdays.)The cycle length is workdays.QMacBook Pro5+Time Remaining: 00:19:58A+Next

Given Data: Annual demand (D) = 11000 units Ordering cost (S) =$500 Holding Cost (H)=$20 per year…

Answered: The Talbot Company uses electrical…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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