Norwich Company has determined the following costs are associated with one of its products. conomic order quantity (EOQ)
Annual quantity used in units 4800
Cost of placing one order (f) 3
nnual cost of carrying one unit in stock (E) 8
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The Economic order quantity (EOQ) is
A) 1100 units.
B) 1500 units.
C) 2300 units.
D) 2250 units.
Correct Answer:
Verified
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