The following information relates to material B42000. Annual requirements: 144,000 units Ordering costs: 12500 Annual holding costs:
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Question:
The following information relates to material B42000.
Annual requirements: 144,000 units
Ordering costs: 12500
Annual holding costs: 20% of purchase price
Purchase price per unit: 500
Required:
i) The Economic Order Quantity. (6 Marks)
ii) The number of orders needed per year. (4 Marks)
Posted Date: