QUESTION 1: ABC Ltd. is engaged in sale of cement. Its cost per order is Rs...
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QUESTION 1: ABC Ltd. is engaged in sale of cement. Its cost per order is Rs 400 and its carrying cost unit is Rs 10 per unit per annum. The company has a demand for 20,000 units per year. Calculate the order size, total orders required during a year, total carrying cost and total ordering cost for the year. QUESTION 1: ABC Ltd. is engaged in sale of cement. Its cost per order is Rs 400 and its carrying cost unit is Rs 10 per unit per annum. The company has a demand for 20,000 units per year. Calculate the order size, total orders required during a year, total carrying cost and total ordering cost for the year.
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