Calculate the economic order quantity for the year. INFORMATION Suntan Limited produces a product which has a

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Calculate the economic order quantity for the year.

INFORMATION

Suntan Limited produces a product which has a steady monthly demand of

4 000

units. The product requires a component that is purchased from a supplier at R

20

per unit. The ordering cost is R

1.20

per order. The holding cost is

10 %

of the unit purchase price.

Posted Date: May 18, 2024 12:21 PM

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Calculate the economic order quantity for the year. INFORMATION Suntan Limited produces a product which has a

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