The order quantity of a raw material is 2,000 kg. Safety stock of 1,200 kg is held.

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The order quantity of a raw material is 2,000 kg. Safety stock of 1,200 kg is held. The stockholding cost of the raw material is GHC1.20 per kg per annum. What is the total annual stockholding cost of the raw material?

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Management and Cost Accounting

ISBN: 978-1408093887

8th edition

Authors: Colin Drury

Posted Date: Aug 03, 2023 07:28 AM

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The order quantity of a raw material is 2,000 kg. Safety stock of 1,200 kg is held.

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To calculate the total annual stockholding cost of the raw material we first need to de... View the full answer

Management and Cost Accounting

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