Quarterly consumption of materials: 2,000 kg; Cost of placing an order: ₹50; Cost per unit: ₹40; Storage and other carrying costs: 8% of average inventory cost. Economic order quantity and number of orders to be placed p
CS Executive · Financial and Strategic Management · PYQS · June 2023
Quarterly consumption of materials: 2,000 kg; Cost of placing an order: ₹50; Cost per unit: ₹40; Storage and other carrying costs: 8% of average inventory cost. Economic order quantity and number of orders to be placed per quarter of the year will be :
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Financial Management
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