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Exam CGFM topic 1 question 97 discussion

Actual exam question from Test Prep's CGFM
Question #: 97
Topic #: 1
[All CGFM Questions]

The city of Mudville uses 1600 oil filters annually. The cost of placing an order is $5.00. The unit cost is $3.50. The carrying cost is 20 percent, and the carrying cost per unit is &0.70(0.20x$3.50). What is the economic order quantity?

  • A. 150 oil filters
  • B. 130 oil filters
  • C. 155 oil filters
  • D. None of these
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Suggested Answer: A 🗳️
by Dozy at July 23, 2020, 3:44 p.m.

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Dozy
3 years, 9 months ago
EOQ= √2*16,000*0.20*3.5 =149.663 ≅150
upvoted 1 times
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C (25%)
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