From the following data for the last 12 months, compute reorder level, minimum level and average stock level of a stock item Maximum usage in a month Minimum usage in a month Average usage in a month 300 kg 200 kg 225 kg Time lag in the procurement of materials Reordering quantity maximum 6 months,...

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From the following data for the last 12 months, compute reorder level, minimum level and average stock

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From the following data for the last 12 months, compute reorder level, minimum level and average stock level of a stock item: image text in transcribed

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Cost Accounting

ISBN: 9788131759462

1st Edition

Authors: K. Alex

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Question Posted: Sep 19, 2024 07:01 PM

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From the following data for the last 12 months, compute reorder level, minimum level and average stock

Question:

Maximum usage in a month Minimum usage in a month Average usage in a month 300 kg 200 kg 225 kg Time lag in the procurement of materials Reordering quantity maximum-6 months, minimum-2 months 750 kg

Step by Step Answer:

Cost Accounting

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