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Business, 05.05.2020 23:35 juliannabartra

Orchid Corporation produces Product A. The following values apply for a part used in the production of Product A (the part is purchased from external suppliers): Annual demand (D) 30,000 units Number of units ordered each time an order is placed (Q) 500 units Cost of placing an order (P) $50 per order Carrying cost (C) $2 per unit Calculate the total cost associated with an order size of 500 units.

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