A manufacturing company provides you the following information of a material: - Annual requirement 40,000 units - Economic order quantity = 4,000…
2024 · Solved Question with Answer
A manufacturing company provides you the following information of a material:
- Annual requirement 40,000 units
- Economic order quantity = 4,000 units
- Cost per unit of material Rs 20
- Carrying cost is 10% of inventory value
- Required: Ordering cost per order