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(Solved): Barksdale Biscuits Is A Small Manufacturer Of Gourmet Dog Biscuits And Uses An Average Of 7,000 Poun...

Barksdale Biscuits is a small manufacturer of gourmet dog biscuits and uses an average of 7,000 pounds of flour per week and works 50 weeks per year. Barksdale buys flour at $0.20/lb delivered. It costs them $50 to process an order. They use 12% of the purchase price for flour to calculate the annual holding cost. Calculate the economic order quantity for flour for Barksdale Biscuits. Your Answer:

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Economic order quantity (EOQ) = Square root of [ (2 *D*S) / H] D stand for Annual demand = Weekly demand *

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