Q9 (continued) You are required to find: (a) The economic order quantity (b) The number of orders to be placed a year, and (c) The cost savings per year Q10 Atlas Company is reviewing its stock control policy with regard to Material X. You have been told that the cost of making one order is RM100, the cost of holding 1 kilo for one year is RM0.25 and the annual demand for material X is 80,000 kilos. Required: Calculate the following for material X: a) The economic order quantity b) The average stock c) The number of orders to be made per year. Q11 On 1 January 2015, Mr Lee started a small trading business. He invested his savings of RM40,000 in the business and during the next six months, the following transactions took place: Apples Purchases Apples Sales Date of Quantity Total cost Date of Quantity Total receipt (boxes) RM sales (boxes) sales(RM) 13 Jan 200 7.200 10 Feb 500 25,000 8 Feb 400 15,200 11 Mac 600 24,000 20 Apr 600 27,000 12 Apr 400 14,000 15 Jun 500 14,000 25 Jun 400 15,200 The apple is stored in a rented premise, and the closing stock of apples counted on 30 June was 500 boxes. Other expenses incurred, and paid in cash, during the six months period amounted to RM2,300