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  3. the following information has been extracted from

The following information has been extracted from the records of a company ...

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Question

Accounting

  1. The following information has been extracted from the records of a company

Consumption of materials per annum

10000 Kg

Order placing costs per order

N50

Cost per kg of raw materials

N2

Holding costs

8% of cost

Required: Calculate the

  1. Economic order quantity
  2. Number of orders to be placed in a year
  3. Total ordering cost

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