The demand for an item is constant at 480 units a year. Unit cost is...
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Accounting
The demand for an item is constant at 480 units a year. Unit cost is R200, the cost of processing an order and arranging a delivery is R20 with a lead time of one month, and the holding cost is R1 per unit per month. Calculate the following:
reorder level (per order)?
optimal total cost (monthly)?
optimal variable cost (monthly)?
Economic order quantity?
cycle length ( answer in month)?
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