
A produce distributor uses 784 packing crates a month, which it purchases at a cost of $12 each. The manager has assigned an annual carrying cost of 33 percent of the purchase price per crate. Ordering costs are $25. Currently the manager orders once a month How much could the firm save annually in ordering and carrying costs by using the EOQ? (Round intermediate calculetions end final answer to 2 decimal places. Omit the
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