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Calculate the costs of stock for product

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Reference no: EM132252201

Calculate the costs of stock for a product with the following information:

Demand per year: 100000 units/year

Production time: 120 seconds/unit

We buy a machine to produce this demand: Cost= 200000 €

Cost of Manpower: 20 €/hour

Cost of Materials: The product uses two materials (A and B)

Cost of Material A: 250 € / material for 100 units

Cost of Material B: 100 € / material for 20 units

Factor i = 0.20 (20 %)

Cost of Administration Staff: 25 €/hour

Time to prepare one order: 10 minutes

Cost of Transport: 20 €

When you know the different costs (Citem, Ch, Co), calculate the Economic Order Quantity (EOQ).

Reference no: EM132252201

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