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The two-bin approach is used to control inventory for a particular low cost component. Each bin holds 1000 units. The annual usage of the component is 40000 units. Cost to order the component is around ₹ 50. If the actual annual holding cost per unit is only ₹ 4. The total variable cost (in ₹) for the two-bin approach is ________.Correct answer is '4000'. Can you explain this answer? for Mechanical Engineering 2024 is part of Mechanical Engineering preparation. The Question and answers have been prepared according to the Mechanical Engineering exam syllabus. Information about The two-bin approach is used to control inventory for a particular low cost component. Each bin holds 1000 units. The annual usage of the component is 40000 units. Cost to order the component is around ₹ 50. If the actual annual holding cost per unit is only ₹ 4. The total variable cost (in ₹) for the two-bin approach is ________.Correct answer is '4000'. Can you explain this answer? covers all topics & solutions for Mechanical Engineering 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The two-bin approach is used to control inventory for a particular low cost component. Each bin holds 1000 units. The annual usage of the component is 40000 units. Cost to order the component is around ₹ 50. If the actual annual holding cost per unit is only ₹ 4. The total variable cost (in ₹) for the two-bin approach is ________.Correct answer is '4000'. Can you explain this answer?.

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