Problem 13 6 Produce Distributor Uses 783 Packing Crates Month Purchases Cost 11 Manager Q29393986

Problem 13-6 A produce distributor uses 783 packing crates a month, which It purchases at a cost of $11 each. The manager has asslgned an annual carryling cost of 32 percent of the purchase price per crate. Ordering costs are $31. Currently the manager orders once a month. How much could the firm save annually In ordering and carrying costs by using the EOQ? (Round Intermedlate calculations and final answer to 2 decimal places. Omit the “$” sign In your response.) Savings per year Show transcribed image text