Business, 25.04.2020 01:34 anthonysutton82

The Watkins Chemical Company produces a chemical compound that is used as a lawn fertilizer. The compound can be produced at a rate of 24 comma 08024,080 pounds per day. Demand for the compound is 0.80.8 million pounds per year. The fixed cost of setting up for a production run of the chemical is $3 comma 5623,562, and the variable cost of production is $1.921.92 per pound. The annual holding cost per pound of the chemical amounts to 1515% of the value. Assume that there are 250250 working days in a year. Question: What is the total annual holding cost if Upper Q Subscript p Superscript starQ*p is produced

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The Watkins Chemical Company produces a chemical compound that is used as a lawn fertilizer. The com...

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