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September 23, 2014

Homework Help: accounting

Posted by manoj on Sunday, April 6, 2008 at 7:44am.

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

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