BThe cost of placing an order is Rs.120. The purchase price of the raw material is Rs. 10 per kg. The re-order period is 4 to 8 weeks. The average consumption being 240 kg per week and total weeks 51. The carrying cost of inventory is 16% per annum. What is Economic order Quantity.
Answers
Answered by
0
Answer:
Kasa I 55 5 Class 8 Class 8 maths chapter 1 and it is is the first one to fill in for and I then have to wait for my exams and to get back to work on the paper project on and out the week so I will have
Answered by
0
Answer: o ( ordering cost) = 120
C ( carrying cost ) = 16% *10 =1.6
total units consumption = 240*51=12240
EOQ level = √ 2 * total unit*O/C
= √2*12240*120/1.6
= √1836000
=1354.99 or 1355
Similar questions