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2.1 Which of the following is/are primary sources of data ? (i) Historical records of transport costs to be used to prepare forecasts for budgetary planning (ii) The Annual Abstract of Statistics, published by the Office for National Statistics in the United Kingdom(iii) Data collected by a bank in a telephone survey to monitor the effectivess of the bank’s customer services
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6.5 The annual demand for an item of inventory is 2,500 units. The cost of placing an order is $80 and the cost of holding an item in stock for one year is $15. What is the econmic order quantity, to the nearest unit ?
6.2 There are 27,500 units of Part Number X35 on order with the suppliers and 16,250 units outstanding on existing customers’ orders. If the free inventory is 13,000 units, what is the physical inventory ?
6.1 Which of the following functions are fulfilled by a good rececived note (GRN) ? (i) Provides information to update the inventory records on receipt of goods (ii) Provides information to check the quantity on the supplier’s invoice (iii) Provides information to check the price on the supplier’s invoice
5.1 The cost of materials for product A are as follows. Material W:$2,250 Material X:$3,000 Material Y:$3,600 Material Z:$150 If the material proportions were displayed on a pie chart, how many degree would material Y represent ?
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