SECTION A [30 MARKS] Answer ALL the questions in this section. QUESTION 1 1.1 (5 marks) Information: Jumbo Ltd produces

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Section A 30 Marks Answer All The Questions In This Section Question 1 1 1 5 Marks Information Jumbo Ltd Produces 1 (158.36 KiB) Viewed 28 times

SECTION A [30 MARKS] Answer ALL the questions in this section. QUESTION 1 1.1 (5 marks) 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. NB: Round off to the next whole number Required: Number of orders per year based on the economic order quantity. 1.2 (5 marks) Information: Rambo Producers has the following sales forecast for Line 1 Product for the first two months of 2022 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.