Question
Answer below question. Cost Accounting Mwaura uses the EOQ formula to establish its optimal reorder quantity for its single new material. The following data relates
Answer below question.
Cost Accounting
Mwaura uses the EOQ formula to establish its optimal reorder quantity for its single new material.
The following data relates to the stock costs
P = Shs 25 per item
Ch = Shs70 per order
Co = Shs7 per order Storage
costs = 10% of P + Shs0.30 per unit p.a.
D = 4,200 units
Required
Calculate the economic order quantity
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Auditing For Managers The Ultimate Risk Management Tool
Authors: K. H. Spencer Pickett, Jennifer M. Pickett
1st Edition
0470090987, 978-0470090985
