Question: Naidoo ( Pty ) Ltd uses the EOQ model to determine the quantity of raw material to order. The following details are available: Average usage
Naidoo Pty Ltd uses the EOQ model to determine the quantity of raw material to order. The following details are available: Average usage per week
Number of production weeks per year
Purchase price per unit of the raw material
Cost of placing an order
units
Costs of carrying one unit of the raw material per year
R
R
The EOQ that Naidoo Pty Ltd should order is
a
b
c
d
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