1) Calculate the Economic Order Quantity: demand 1,250 Kg, holding cost £5 per Kg, fixed ordering cost £2  a) 1 b) 10 c) 14 2) What is Economic Order Quantity (EOQ)? a) It is the quantity to be produced divided by the ordered. b) It is the annual demand divided by the ordered. c) It is the quantity to be ordered divided by the produced. 3) What are the 2 types of inventory control systems. a) re-order level (two-bin) system  b) re-order level (two-paper) system c) Periodic (cyclical) review system

Economic Order Quantity (EOQ) Quiz - Management Accounting - AAT 3




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