Teaching EMRS Accountant Mock Test 2023 Industrial Engineering Production Planning and Inventory Control Inventory Control
Using the following, calculate the optimum number of commodity back ordered.
Annual demand = 8000 units, Cost = Rs. 25/unit, Holding cost = 20% of unit cost, Ordering cost = Rs. 25/order, Annual cost of back ordering = 10%1
319
2
306
3
316
4
327