Newcastle Company Has Determined the Following Costs Are Associated with One

question 17

Multiple Choice

Newcastle Company has determined the following costs are associated with one of its products. $E = E$ conomic order quantity (EOQ)
$\mathrm { Q } =$ Annual quantity used in units $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ 3000
$P =$ Cost of placing one order ( $( £ )$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ 10
$C = A$ nnual cost of carrying one unit in stock (£) $\quad$ 0.8
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If the cost of placing an order is increased to £15 and the annual quantity used in units decreases to 2,500 units the economic order quantity (EOQ) is

• A)335 units.
• B)315 units.
• C)320 units.
• D)306 units.

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Definitions:

Dedication

The commitment and loyalty of an individual or group towards tasks, objectives, or an organization.

Absorption

The process by which one thing absorbs or is absorbed by another, such as material substances or information.

Corporate Social Responsibility

Corporate Social Responsibility (CSR) is a concept where businesses consider their impact on society and the environment and take responsibility to operate in a manner that is ethical and sustainable.

Stakeholders

Individuals or groups that have an interest, concern, or stake in an organization, project, or outcome and can affect or be affected by its actions.