Question: 2.3 Study the information given below and calculate the annual EOQ. INFORMATION (4 marks) Lyon Manufacturers requires 5 000 components per month from an outside

2.3 Study the information given below and calculate the annual EOQ.

2.3 Study the information given below and calculate the annual EOQ. INFORMATION (4 marks) Lyon Manufacturers requires 5 000 components per month from an outside supplier. The component costs R40 per unit. The holding costs amounts to R10 per unit and the ordering cost is R30 per order

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