What is the Economic Order Quantity when demand is 25 per working day, ordering costs are 150

Question:

What is the Economic Order Quantity when demand is 25 per working day, ordering costs are £150 per order, the items cost £3 each and carrying costs are 12% per year.

There are 250 working days in a year.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Costing

ISBN: 9780134789705

6th Edition

Authors: Terry Lucey

Question Posted: