Find out the EOQ and order schedule for raw materials and packing materials units using the following data given to you:
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(1) Cost of ordering: |
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Raw materials: |
Rs. 1,000 per order |
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Packing materials: |
Rs. 5,000 per order |
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(2) Cost of holding inventory: |
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Raw materials: |
1 ps. per unit per month |
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Packing materials: |
5 ps. per unit per month |
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(3) Production rate: |
2,00,000 units per month |