1. From the figures given below, calculate Economic Order Quantity and a number of orders to be placed per year.
Total consumption of material per year 10,000 kg
Buying cost per order Rs.50
Unit cost of material Rs.2 per Kg
Carrying and storage cost 8% on average inventory
accounting - SraJMcGin, Sunday, April 6, 2008 at 10:14am
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