what is eoq? WHAT IS ITS FORMULA

Answer Posted / h.r. sreepada bhagi

Economic Order Quantity (EOQ) is an inventory management
model. It's the optimal qty. of orders for stock that
minimises total of ordering and holding cost of inventory.

Formula - √2CR/H,

C = Order Cost, R = Annual usage in units, H = Annual
inventory holding cost per unit.

For more information, refer any Cost Accounting Book.

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

• What are the types of cash flows?

1713


Why does one need a broker?

1822


give me only one transactions in both side (debit&credit) should be in real accounts

1735


What is the treatment of Capital Work in Progress as per the International Accounting Standards.

4429


What are Mortgage Payment Problems?

1513






joint venture?

1770


what do you mean by accounting (or) why accounting ? ( generally we have to speak about our achivements and goals)

1366


EXPAND_________SEC

1781


What is DECR And for wt it is used?

1654


Pls Give me Solution for me. Bcz i m persuing b.a iii But now i m working in accounts . So what i do In future .

1740


What do you define in customizing for the payment program? FBZP (Any 2 Answer) • Bank subaccount ( BANK DETRMINATION SCREEN. ACCOUNTS) • Forms of the payment media ( PAYING COMPANY CODE) • Available amount (BANK DETERMINATION, AMOUNTS) • Assignments for the profit center • Prerequisites for the debit balance check

2754


Erection and Instalation charges of Rs 7500 to Lift was debited to repairs and maintenance account. Rectify it

1834


We have a registered dealer under APVAT Act. Our company is manufacturing & marketing of seeds. seeds exempted under vat. recently we have purchased machinery for our new plant construction, against c form. now sales tax dept.not giving the c forms, because our final product is exempted, we are not eligible for c forms. kindly clarify.

2016


Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry

1472


WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.

1703