engineering recuitment GATE ME 2023-24 Test Series Industrial Engineering Production Planning and Inventory Control Inventory Control
A company can produce 1000 units per day and the sale is 400 units approximately. If a company has a storage limit because of which they can not store more than 24000 units. The setup cost for the company is Rs.3000 per/setup. Assuming the 300 working days in a year, If the company produces quantity per run in such a manner that the maximum quantity stored in a year and holding cost is 1% of unit cost. The unit cost of item is Rs _______.
Enter numerical value using the virtual keypad. Round off where necessary.