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Which of the following is not part of the total cost equation? Select one: a. Material...

Which of the following is not part of the total cost equation?

Select one:

a. Material costs

b. Holding costs

c. Opportunity costs

d. Ordering costs

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Answer #1

Answer : d) Ordering Cost

Explanation:Ordering costs are the expenses incurred to create and process an order to a supplier.

These costs are included in the determination of Economic Order Quantity for an inventory item.

Hence it is not included in the Total Cost Equation

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