Business, 06.04.2021 04:40 nina1390

A hardware store stocks a certain type of valve that is a standard part and is used in multiple products in the industry. The store cells 200 valves per week. The annual holding cost is 30% of the unit cost of the valve. The unit cost is $12 per valve. The ordering cost of these valves is $25 per order. If the store operates for 52 weeks in a year, then using the information given, calculate: How much does the store incur in extra costs, if they ordered in quantities of 500 instead of EOQ

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