Question
A local electronic shop sells 8 televisions (TV) in a day. The purchase price of each unit is $55. It cost $65 when the electronic
A local electronic shop sells 8 televisions (TV) in a day. The purchase price of each unit is $55. It cost $65 when the electronic shop places an order. Calculate the economic order quantity (EOQ) for the company if the annual carrying cost percentage is 25%?
a. 146 unit
b. 142 unit
c. 138 unit
d. 148 unit
e. 152 unit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the Economic Order Quantity EOQ we need the following information Demand rate per day D ...
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Step: 2
Step: 3
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Management Accounting
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
7th Edition
978-1760421144, 1760421146
