Costs and Revenues Test Two
Q1 of 15

'The following questions relate to the costs and revenues of Blenheim Limited, a manufacturing business.

The following information is available for raw material type BL18:

• Annual usage – 1,440 kilograms.
• Annual holding cost per kilogram – £2.00
• Fixed ordering cost – £10.00

The Economic Order Quantity (EOQ) for BL18 is kilograms