You are provided: You are required to compute: (a) What is the quantity that should be ordered

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You are provided:

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You are required to compute:

(a) What is the quantity that should be ordered each time?

(b) How many orders should be placed with the supplier during a year?

(c) What would be the level of stock just before the material which has been ordered is received?

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Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

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Question Posted: Jun 12, 2024 10:10 AM

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You are provided: You are required to compute: (a) What is the quantity that should be ordered

Question:

You are provided: Cost of placing an order = Rs. 10 (ordering cost) Annual demand = 900 units Stock holding cost as a percentage of average stock value (Inventory carrying charges =15% Price per unit = Rs. 5 Normal lead time = 10 days Safety stock = 20 days

Step by Step Answer:

Cost Accounting

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