From the following information calculate Economic Order Quantity, and the number of orders to be placed in
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From the following information calculate Economic Order Quantity, and the number of orders to be placed in one quarter of the year:
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(i) Quarterly consumption of materials (ii) Cost of placing one order (iii) Cost Per unit (iv) Storage and carrying Cost 2,000 kg. Rs. 50 Rs. 40 8% on average inventory
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