Consider the following data regarding the Fiske Spinner, a rotary device use in the production of the ABS bakery assembly.
Product cost $24.75
Holding Cost 10% of Product cost
Order Cost $275/order
Safety Stock 50 units
Annual Demand 4,500 units
What is the total inventory holding and order cost of the Fiske Spinner? In determining the orders of orders per year, round up to the nearest whole order.
