Economic Order Quantity: EOQ Formula Excel Guide
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2.2 REQUIRED Use the information provided below to calculate the annual Economic Order Quantity (EOQ).(5 marks)INFORMATION: The monthly sale of an item is 900 units. The selling price per unit is R7.50, and the item is sold at cost plus 50%. The ordering cost amounts to R20 per order, and the holding cost per unit is equal to 10% of the unit cost of the item.
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