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There is a firm deciding on the Economic order quantity for two brands P and Q onnthe basis of following information:-    P Q Annual demand  4000  2560 Relevant order costing per puechase order $2400 $2800 Annual relevant carrying cost per unit $960 $1120 Calculate for EOQ for both brands; total annual relevant cost and number of deleveries per year for P and Q.  Provide full solution ASAP.

There is a firm deciding on the Economic order quantity for two brands P and Q onnthe basis of following information:-    P Q Annual demand  4000  2560 Relevant order costing per puechase order $2400 $2800 Annual relevant carrying cost per unit $960 $1120 Calculate for EOQ for both brands; total annual relevant cost and number of deleveries per year for P and Q.  Provide full solution ASAP.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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There is a firm deciding on the Economic order quantity for two brands P and Q onnthe basis of following information:- 

  P Q
Annual demand  4000  2560
Relevant order costing per puechase order $2400 $2800
Annual relevant carrying cost per unit $960 $1120

Calculate for EOQ for both brands; total annual relevant cost and number of deleveries per year for P and Q. 

Provide full solution ASAP.

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