Inventory Control (part 1) The EOQ Formula- ACCA Management Accounting (MA)

Inventory Control (part 1) The EOQ Formula- ACCA Management Accounting (MA)
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[@KhabibandEnola]

Thanks for the step by step explanation, very helpful!

[@madinabonuturdalieva8299]

Thank you very much for very clear explanation!

[@naldeeiva9939]

this is extremely good explanation, but its very long question! is there any faster way to make sure we save our time during exam so we dont need to calculate all different amounts??

[@da.40e]

Nice explanation👍👍

[@kwamesimmons9510]

This is a good explanation thanks so much

[@anthonylamini5003]

please in calculating for the total annual cost, is it wrong to add the purchase cost to the holding and ordering cost?

[@lactienquan4728]

yah, I think so, once the cost involved in inventory ordering systems are as follows:
- the purchase cost
- the reorder cost
- the inventory-holding cost
(source: OpenTuition Lecture Notes)

[@kaunghtet4515]

Purchase cost means the original selling price per unit by the supplier?

[@opentuition]

Yes - the amount that the company paid to the supplier.

[@meriakavari2062]

why do you half the inventory each time, i don't understand this

[@jamesbond3]

Bestt

[@LewWise87]

I know this is free, but this chap is unbearable. Put it on 5x speed and you may learn something before passing out

[@basheernaseer8527]

😅😂😂😂😂