Multiple Choice
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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If the cost of carrying one unit in stock is increased to £4 and the annual quantity used in units decreases to 14,000 units the economic order quantity (EOQ) is
A) 1222 units.
B) 1122 units.
C) 1000 units.
D) 1025 units.
Correct Answer:

Verified
Correct Answer:
Verified
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