A manufacturer uses 7500 units of a material 'Z' per year. The material cost is ` 15 per unit and carrying cost is 40% per annum of average inventory cost. The cost of placing order is ` 36. Calculate EOQ and number of orders placed per annum.

A manufacturer uses 7500 units of a material 'Z' per year. The materia

1.	A manufacturer uses 7500 units of a material 'Z' per year. The material cost is ` 15 per unit and carrying cost is 40% per annum of average inventory cost. The cost of placing order is ` 36. Calculate EOQ and number of orders placed per annum.
A.	250 units, 30 times
B.	300 units, 25 times
C.	500 units, 15 times
D.	150 units, 50 times
Answer» C. 500 units, 15 times

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A manufacturer uses 7500 units of a material 'Z' per year. The material cost is ` 15 per unit and carrying cost is 40% per annum of average inventory cost. The cost of placing order is ` 36. Calculate EOQ and number of orders placed per annum.

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