Cost accounting materials

What is the difference between Re order Level & Re order Quantity ? Again in Mterials Chapter for IPCC, do we have to memorise the formulae for Maximum, Minimum, Reorder, Danger Levels is there a logic behind eac formula ? Can somebody please help ?

Thanks.

Replies (2)
Rol is the level at which the order should be placed with supplier n roq is the qty to be ordered . And everything has a logic behind it, read the formulas carefully. You will get the logic yourself

Thank you ma'am

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