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
Homework Answers
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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