Interested to Buy Any Domain ? << Click Here >> for more details...
EOQ formula ? and tell me about that???
- 19 Answers
- 38600 Views
- Banking, Capital IQ, IQ, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / antra
the answer given by shabari is 100% correct-
economic order quantity (EOQ) is the amount of inventory
to be ordered at one time for purposes of minimizing annual
inventory cost
ROOT OF 2*A*CP/CH
A = Demand for the year
Cp = Cost to place a single order
Ch = Cost to hold one unit inventory for a year
Also, guru prasad's answer is very well explained.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / shailaja polmuri
The basic Economic Order Quantity (EOQ) formula is as
follows:
EOQ = Root of 2(annual usage in units) (Order cost)/annual
carrying cost per unit)
Annual usage: Expressed in units, this is generally the
easiest part of the equation. You simply input your
forecasted annual usage.
Order Cost: Also known as purchase cost or set up cost,
this is the sum of the fixed costs that are incurred each
time an item is ordered. These costs are not associated
with the quantity ordered but primarily with physical
activities required to process the order.
Carrying cost:
Also called Holding cost, carrying cost is the cost
associated with having inventory on hand.It is primarily
made up of the costs associated with the inventory
investment and storage cost. For the purpose of the EOQ
calculation, if the cost does not change based upon the
quantity of inventory on hand it should not be included in
carrying cost. In the EOQ formula, carrying cost is
represented as the annual cost per average on hand
inventory unit. Below are the primary components of
carrying cost.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / hemalatha
EOQ=root of 2*A*b/s
A=ANNUL CONSUPTION
B=BUYING COST PER ORDER,
S=STORAGE AND CARRYING COST PER UNIT PER ANNUM.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / kishore g
EOQ is the quantity fixed at a point where total cost of
carrying and total cost of ordering cost will be the minimum.
Formula for EOQ=SQUARE ROOT OF 2*Annual Requirement*Cost per
order/Cost per unit of material*carrying cost.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / balu
EOQ=Root of 2(Annual usage in units)(Order cost)/(annual carrying cost per unit)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rushikesh shinde
EOQ= √2AO÷C
EOQ is the Economic order quantity
It is the minimum quantity that the company have to order to maintain their inventory with reduction of holding cost and the cost of ordering.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / mohammad imran
EOQ= rootover of 2sd/pi.
where as s stands for= set up cost
" " " d " " ' "= demand rate.
p = production cost.
I " " = interst rate.
this is an inventory eqution that implies the optimum
quantity that a company should maintain.
| Is This Answer Correct ? | 6 Yes | 8 No |
From the following particulars taken on 31 December, 1995, you are required to prepare a bank reconciliation statement to reconcile the bank balance shown in the Cash Book with that shown in the Pass Book: (i) Balance as per Pass Book on 31 December, 1995, O/D Rs 1,027. (ii) Four cheques drawn on 31 December but not cleared till January are as follows: Rs 12; Rs 1,021; Rs 98; and Rs 113. (iii) Interest on O/D not entered in Cash Book Rs 51. (iv) Three cheques received on 30 December and entered in the bank column of the Cash Book but not lodged in bank for collection till 3 January next: Rs 1,160; Rs 2,100; and Rs 2,080. (v) Cost of cheque book, Pass Book, etc; Rs 1.50 entered twice erroneously in Cash Book in November. (vi) A Bill Receivable for Rs 250 due on 29 December, 1995 was passed to the bank for collection on 28 December, 1990 and was entered in Cash Book forthwith whereas the proceeds were credited in the Pass Book only in January following. (vii) Chamber of Commerce subscription Rs 10 paid by bank on 1 December, 1990 had not been entered in the Cash Book. (viii) Bank charges of Rs 5 had been debited in the pass book twice erroneously. . . . plz be fast
interview process in factset
3, SURVEY EXPENSES FOR MARINE INSURANCE CLAIMS MUST BE A, addedto claim B, added to legal charges c, added to administrative expenses d, none of the above
What action could be taken by you and your manager to improve your performance in your current position?
If I need Finance from the Bank I need to give the CMA Format date, Can somebody help giving me this format ??
At the time of depreciation run we selected actual dep key is 5% but we taken 7% so the depreciation was posted wrongly how to rectify it?
what is contra entry . plz explain with example.
Cello pen gross value is 935.89 for 12 nos 14.5% tax
WHAT IS INTERIM BUDGET
How would the business ensure that he could not use the business cheque to pay for printing work he ordered for personal use?
ESI payable in the year 2010 was Rs.11000 but not accounted for by mistake in that year.It was paid in the year 2013-14. Then what will be the journal entry?
what is the difference between shares and debentures
Audit 
