Question
(URGENT) (a) CFR Manufacturing has estimated its economic order quantity for its raw materials at 2,400 units for the coming year. If ordering costs are
(URGENT) (a) CFR Manufacturing has estimated its economic order quantity for its raw materials at 2,400 units for the coming year. If ordering costs are Rs.200 per order and carrying (holding) costs are Rs.4.5 per unit per year, what is the estimated total annual usage? [2 Marks]
(b) [This question is not related to part (a) above]. If EOQ of a company is 1,000 units, holding cost per unit per year is Rs.10. What is total ordering cost?
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Accounting And Finance
Authors: Michael J. Jones
1st Edition
1118932072, 9781118932070
