King Hardware sells a popular brand of hammers- The demand for hammers.docx

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King Hardware sells a popular brand of hammers. The demand for hammers is constant at 9,561 units per year. Holding cost at King Hardware is 36% of the unit purchase price per year. Each order incurs a fixed cost of $1 , 153 . The supplier offers an all-unit discount pricing scheme according to the schedule below. Round instructions. Carry all calculations to at least 3 decimals. Enter final answers rounded to 1 decimal place (nearest tenth). Compute the optimal order quantity for King Hardware. units Compute the optimal total annual cost (ordering + holding cost + procurement). $ .

King Hardware sells a popular brand of hammers. The demand for hammers is constant at 9,561
units per year. Holding cost at King Hardware is 36% of the unit purchase price per year. Each
order incurs a fixed cost of $1 , 153 . The supplier offers an all-unit discount pricing scheme
according to the schedule below. Round instructions. Carry all calculations to at least 3 decimals.
Enter final answers rounded to 1 decimal place (nearest tenth). Compute the optimal order
quantity for King Hardware. units Compute the optimal total annual cost (ordering + holding
cost + procurement). $

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