ADR Ltd purchases a particular items in lots of 1 250 units. Its annual usage of this item is 6 250
units. Ordering costs are R 200 per order and the carrying (holding) costs are R10 per unit per year.
Calculate each of the following:
1.1.1 The Economic Order Quantity (EOQ) in units (6)
1.1.2 Number of orders (3)
1.1.3 Cost of orders (Order costs) (3)
1.1.4 Average Inventory held (3)
1.1.5 Cost of holding stock (3)
1.1.6 Total cost (2)
“Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”
What Students Are Saying About Us.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐
"Honestly, I was afraid to send my paper to you, but splendidwritings.com proved they are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 14***| Rating: ⭐⭐⭐⭐⭐
"The company has some nice prices and good content. I ordered a term paper here and got a very good one. I'll keep ordering from this website."