Tata Company manufactures Toyota cars. It produces 250 cars a month. It buys the tires for cars from a supplier at a cost of 35 R.O per tire. The Company's inventory carrying cost is estimated to be 15% of cost and the ordering cost is 45 R.O per order. Calculate the EOQ What is the number of orders per year? Compute the average annual ordering cost?
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Tata Company manufactures Toyota cars. It produces 250 cars a month. It buys the tires for cars from a supplier at a cost of 35 R.O per tire. The Company's inventory carrying cost is estimated to be 15% of cost and the ordering cost is 45 R.O per order.
- Calculate the EOQ
- What is the number of orders per year?
- Compute the average annual ordering cost?
- Compute the average inventory?
- What is the average annual carrying cost?
- Compute the total cost? Please answer complete
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