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Go Green imports 1000 units of a 3-meter 50mm stainless steel tubing per year. Management approach you in assistance with the optimal ordering level.
Go Green imports 1000 units of a 3-meter 50mm stainless steel tubing per year. Management approach you in assistance with the optimal ordering level. Currently placing an order costs N$1 500 and the cost to hold a single 50mm stainless tube costs N$3 excluding opportunity cost. The cost per tube is N$500. What is the annual storage cost, based on the economic order quantity?
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
2nd edition
978-1119036357, 1119036356, 1118338413, 1118334264, 978-1118338414, 978-1118334263
