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Business, 27.06.2020 01:01 studentms5313

Jane distributes mugs from a supplier in Ireland. The average demand for a popular mug is 400 a day. It costs $26 to place an order each time and there is an average 12 day lead-time. The holding cost for a mug is 24% of the items cost of $18 and the company likes to maintain a 91% service level. Sigma is 540 mugs. Jane keeps her store open 210 days a year. If Jane ordered the most economical quantity possible, what will her total annual costs be

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