Question

200 units of auto parts are manufactured every year and the weight of each finished unit of auto part is 1.2 kg. While manufacturing this auto part, 20% of the total weight of the metal is lost as wastage. Calculate EOQ, if the cost price of the metal is Rs. 240 per kg. The cost of placing an order is Rs. 400 and the carrying cost of the metal is 2.5% of the cost price.

Answer 1

Answer:

While manufacturing this auto part, 20% of the total weight ... Calculate EOQ, if the cost price of the metal is Rs. 240 per kg.