ABC Company deals in manufacturing Air Conditioners.For manufacturing purpose the company uses 824 compressors annually.Ordering costs are $14, carrying costs are $6 per compressor a year.According to price schedule orders less than 50 compressors will cost $15 per compressor, 50 to 79 compressors will cost $13 per compressor, 80 to 99 compressors will cost $11 per compressor and lager orders will cost $10 per compressor.Determine the optimal order quantity and describe in which price range it will fall. Based on that price range also determine the total cost.
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