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valentine ltd has the following information in respect of material qr used in the production of food ingredients. Expected usage for the year: 500000...
valentine ltd has the following information in respect of material qr used in the production of food ingredients. Expected usage for the year: 500000 kobo, order cost: 25 naira per order, price per kg: 10 naira, holding cost: 10% of material price. Required to use tabular approach to determine economic order quantity