what is eoq? WHAT IS ITS FORMULA
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
Economic Order Quantity (EOQ) is an inventory management
model. It's the optimal qty. of orders for stock that
minimises total of ordering and holding cost of inventory.
Formula - √2CR/H,
C = Order Cost, R = Annual usage in units, H = Annual
inventory holding cost per unit.
For more information, refer any Cost Accounting Book.
Is This Answer Correct ? | 2 Yes | 1 No |
It is the optimum quantity of goods for which if orders are
placed, the aggregate order placing cost and the aggregate
inventory carrying cost.
The quantity per order (in units) that minimizes the total
costs of processing orders and holding inventory.
An inventory-related equation that determines the optimum
order quantity that a company should hold in its inventory
given a set cost of production, demand rate and other
variables. This is done to minimize variable inventory
costs. The full equation is as follows:
Where:
S = Setup costs
D = Demand rate
P = Production cost
I = Interest rate (considered an opportunity cost, so the
risk-free rate can be used)
Is This Answer Correct ? | 0 Yes | 0 No |
What is securitization
What is a dead A/c?
You been asked to prepare a training class for completing expense statements. What points will you emphasize to insure accurate expense statements are submitted?
discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?
WHAT IS B.E.P. CHART
Choose the correct answer: In case of assesses other than companies, the following is advance tax rate to be payable on or before of 15th September on the current fringe benefits. (1) 15 per cent; (2) 30 per cent; (3) 45 per cent; (4) 60 per cent.
what is shudle six balancesheet
EXPAND______________PIN
What is the uses of Ratio's in The Finanacial management? Explain it?
how to treat accounts receivables and accounts payables in accounting. Which entries are done .
difference between company and industry?
What is portfolio?