Question 1 1.1 Information: Jumbo Ltd produces tables with a steady monthly demand of 24 000 units. Tables require a com

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Question 1
1.1 Information: Jumbo Ltd produces tables with
a steady monthly demand of 24 000 units. Tables require a component
that is acquired from the supplier at R50 per unit. The cost of
placing an order is R12 per order and the holding cost is 10% of
the unit purchase price. (5 marks)
NB: Round off to the next whole
number
Required: Number of orders per year based
on the economic order quantity.
1.2 Information: Rambo Producers has the
following sales forecast for Line 1 Product for the first two
months of 2022 (5 marks)
January 30 000 units
February 40 000 units
Rambo Producers maintains an inventory, at the end of the month,
equal to 20% of the budgeted sales of the following month.
Required:
Determine the required number of units that
should be produced during January 2022.