EOQ formula ? and tell me about that???
Answer Posted / sk.pasha
It refers to the size of the order that gives maximum economy in purchasing any material. It's also referred as optimum or standard ordering quantity. it's ascertained by the following formula.
EOQ = route of 2CO
--------
I
where EOQ = Quantity to be ordered.
C = Annual consumption of the material in units
O = Cost of placing one order including the cost of receiving the goods.
I = Interest payments including cost of storage per unit per year.
Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.
what is the primary of for-profit organisation
i am working in construction company.we have more then one projects.i enter attendance in payroll projectwise.i want salaries in projectwise not overall in payroll autofill. thankyou sir
What is bad debt expense?
What is Time capital
Explain me your track record in previous jobs, specifically speaking to any mistakes you may have made. There is little room for error in accounting?
Journalise- opened a saving a/c with S.B.I. ?
while preparing insolvency account deficiency account is wich account? why we do not prepare it with general rules?
Tell me what are the activities that includes in cash flow statement?
What are the steps involved in project implementation?
what are the steps for the payment cycle of the firm or company?
What's the accounting entry when an Invoice is created in AR?
WHAT ABOUT YOUR SELF IN ACCOUNTING SYSTEM
whether bills of exchnge can come under the category of reserves and surplus
Do you know what is double-entry accounting? Explain with an example?