Calculate the economic production run for Part #23.

(Appendix: product demand) Compute annual estimated demand for a product if the economic order quantity is 1,600 units, carrying cost is $0.35 per unit, and ordering cost is $140.00 per order.

(Appendix: EPR) UpTown Mfg. custom manufactures machine parts used by other companies. The following data relate to production of Part #33:

Annual quantity produced in units

3,600

Cost of setting up a production run

$600

Cost of carrying one unit in stock for a year

$2

Calculate the economic production run for Part #23.

 

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