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A company produces 4800 parts per day and sells them at approximately half of that rate. The set-up cost is Rs.1000 and carrying cost is Rs.5 per units. The annual demand is 480,000 units. Find:

(a) Optimal lot size

(b) Number of production run that should be scheduled per year

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91408773

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