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A manufacturing company placed an order of 2 4 , 0 0 0 units semiannually at a price of Rs . 2 0 per unit.

A manufacturing company placed an order of

24, 000

units semiannually at a price of Rs

. 20

per unit. It's carrying cost is

15 %

and the order cost is Rs

. 12

per order. Required:

(1)

What is the most economical order quantity?

(2)

How many orders need to be placed?

(3)

Calculate the total ordering cost and carrying cost based on EOQ

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