Question
Use the information provided below to calculate the annual Economic Order Quantity (EOQ). (5 marks) INFORMATION The monthly sales of an item are 800 units.
Use the information provided below to calculate the annual Economic Order Quantity (EOQ). (5 marks) INFORMATION The monthly sales of an item are 800 units.
The selling price is R3 per unit and the items are sold at cost plus 50%. The ordering cost amounts to R25 per order and the holding cost is equal to 20% of the unit cost of the item. 2.2
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Research Methods For Accounting And Finance Global Management Series
Authors: Audrey Paterson, Kevin D. Ogorman, David Leung, Robert Macintosh, William Jackson
1st Edition
1910158895, 978-1910158890
