Question
Calculate the economic order quantity (EOQ) for 2020 from the information provided below. (5 marks) INFORMATION The monthly usage of an item during 2020 is
Calculate the economic order quantity (EOQ) for 2020 from the information provided below.
(5 marks)
INFORMATION
The monthly usage of an item during 2020 is estimated at 800 units. The budgeted costs are as follows:
The cost per unit is R12. The ordering cost amounts to R10 per order and the holding cost per unit is equal to 10% of the unit cost of the item.
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Applied Equity Analysis and Portfolio Management Tools to Analyze and Manage Your Stock Portfolio
Authors: Robert A.Weigand
1st edition
978-111863091, 1118630912, 978-1118630914
