After inviting tenders, two quotations are received as follows: (a) Rs. 1.20 per unit. (b) Rs. 1.10
Question:
After inviting tenders, two quotations are received as follows:
(a) Rs. 1.20 per unit.
(b) Rs. 1.10 per unit plus Rs. 3,000 fixed charges to be added irrespective of units ordered.
Advise with your arguments on whom orders should be placed and what quantity is to be ordered.
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Step by Step Answer:
To determine from whom the orders should be placed and what quantity should be ordered we need to compare the total cost for each supplier and conside...View the full answer
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