Monthly demand for a raw material is 150 units. Ordering cost per order is ₹8 and annual carrying cost per unit is ₹2. Economic Order Quantity (EOQ) under the above circumstances will be :
CS Executive · Financial and Strategic Management · PYQS · December 2019
Monthly demand for a raw material is 150 units. Ordering cost per order is ₹8 and annual carrying cost per unit is ₹2. Economic Order Quantity (EOQ) under the above circumstances will be :
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Financial Management
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