PQR Ltd., manufactures a special product, which requires ‘ZED’. The following particulars were collected for the year 2007–08: (i) Monthly demand of Zed : 7,500 units (ii) Cost of placing an order :...

PQR Ltd., manufactures a special product, which requires ‘ZED’. The following particulars were collected

for the year 2007–08:

(i) Monthly demand of Zed : 7,500 units

(ii) Cost of placing an order : Rs 500

(iii) Re-order period : 5 to 8 weeks

(iv) Cost per unit : Rs 60

(v) Carrying cost % p.a. : 10%

(vi) Normal usage : 500 units per week

(vii) Minimum usage : 250 units per week

(viii) Maximum usage : 750 units per week

Required: (i) Re-order quantity. (ii) Re-order level. (iii) Minimum stock level. (iv) Maximum stock level. (v) Average stock level.