Accountancy, asked by jeannie18241, 11 months ago

Define economic order quantity in cost accounting

Answers

Answered by Anonymous

Answer:

Explanation:

EOQ is the acronym for economic order quantity. The economic order quantity is the optimum quantity of an item to be purchased at one time in order to minimize the combined annual costs of ordering and carrying the item in inventory. EOQ is also referred to as the optimum lot size.

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