The purchasing manager for Alpa Enterprises requested the following data from the accounting department: Annual demand...

The purchasing manager for Alpa Enterprises requested the following data from the accounting department:

Annual demand = 15,500; Cost of placing an order = £180; Annual inventory holding costs = 20 percent; Unit cost = £78

Assume Alpha incorrectly estimates the order cost to be £263 per order. What order quantity will Alpha use? What actual annual inventory costs will be incurred?

Expert Solution

ekkarill92 answered 2 years ago

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