A company usually holds 190 pounds of wax in its warehouse. the company uses 48 pounds of wax per day and it takes 4 days for wax purchases from the supplier to arrive. The holding cost for wax is 0.73 per pound per day. What is the company's average holding cost (per pound for wax)?

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16-07-2024
Business

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A company usually holds 190 pounds of wax in its warehouse. the company uses 48 pounds of wax per day and it takes 4 days for wax purchases from the supplier to arrive. The holding cost for wax is 0.73 per pound per day. What is the company's average holding cost (per pound for wax)?

Sagot :

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