Question: QUESTION 2. a) Use the following data to calculate the Economic Order Quantity for Pills Company Limited X=$65= cost of placing an order y=3500 annual

QUESTION 2.
a) Use the following data to calculate the Economic Order Quantity for Pills Company Limited
X=$65= cost of placing an order y=3500 annual demand in units
2=$80= cost of a unit of inventory
Q=30%= annual stock-holding cost as a fraction of unit cost
(10marks)

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