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MM Ltd. is a renowned name in manufacturing hand puppets for children. Its two most selling varieties are Alphabets and Domestic animals. Sales price/unit: Alphabets Rs.210, Domestic Animals Rs.360. Variable Cost/unit: Alphabets Rs.140, Domestic Animals Rs.190. Sales mix: 40% Alphabets, 60% Domestic Animals. The fixed expenses of MM Ltd. is Rs.75,000. The weighted contribution for the two products will be:

Inventory Control and EOQStudy Simplify SpecialPYQ1MCQ
Question 1

Reorder point is a level at which a new order must be placed so that the inventory is renewed before the stock reaches zero level. So the things that should be taken care in a reorder point are:

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