Marks)
b) Home-made Bread company buys and the sells as bread 2.6million of
bushels of wheat a...
Social Studies, 30.11.2020 15:30 kelseydavid69
Marks)
b) Home-made Bread company buys and the sells as bread 2.6million of
bushels of wheat annually. Ordering costs are 5,000/= per order. Annual
carrying cost are 2% of purchase price of 5/= per bushel. The delivery time is
six weeks
Required
a) What is the Economical Quantity to Order EOQ)(3 marks)
b) How many orders does the comp
any make annually.(2 Marks)
c) What is the average stock? ( 2 Marks)
d) Calculate the total inventory cost (3 Marks)
Answers: 3
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