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1.2 Use the information given below to calculate the: 1.2.1 Annual Economic order quantity (EOQ) (3 marks) 1.2.2 Reorder point. (3 marks) INFORMATION Stratum Limited

1.2 Use the information given below to calculate the: 1.2.1 Annual Economic order quantity (EOQ) (3 marks) 1.2.2 Reorder point. (3 marks) INFORMATION Stratum Limited intends purchasing 8 000 units of product Taz per month during 2022 at R50 per unit. The following additional information is available: Cost of placing an order Stock holding cost Lead time for delivery of an order Estimated workdays for 2022 R10 5% of the unit purchase price 12 days 240 day

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