A firm's requirement of materials is 3,000 units (price Rs 20 per unit) for 6 days. The ordering cost per order is Rs 30 and the carrying cost is Re 0.50. If the schedule of discount given below is...

A firm's requirement of materials is 3,000 units (price Rs 20 per unit) for 6 days. The<br>ordering cost per order is Rs 30 and the carrying cost is Re 0.50. If the schedule of<br>discount given below is applicable to the firm, determine the most economical order<br>quantity.<br>Lot size<br>Discount Rate<br>1- 499<br>none<br>500 - 699<br>1%<br>700 - 999<br>2%<br>1000 - 2,499<br>4%<br>2500 and above<br>7%<br>

Extracted text: A firm's requirement of materials is 3,000 units (price Rs 20 per unit) for 6 days. The ordering cost per order is Rs 30 and the carrying cost is Re 0.50. If the schedule of discount given below is applicable to the firm, determine the most economical order quantity. Lot size Discount Rate 1- 499 none 500 - 699 1% 700 - 999 2% 1000 - 2,499 4% 2500 and above 7%

Jun 11, 2022

SOLUTION.PDF

A firm's requirement of materials is 3,000 units (price Rs 20 per unit) for 6 days. The ordering cost per order is Rs 30 and the carrying cost is Re 0.50. If the schedule of discount given below is...

Get Answer To This Question

Related Questions & Answers

Submit New Assignment