Total cost method

Asked by maham237 @ in Social Studies viewed by 431 People

The least total cost method (LTC) lot-sizing technique calculates the order quantity by comparing the carrying cost and the setup (or ordering) costs for various lot sizes and then selects the lot in which these are most nearly equal
A. True
B. False

Answered by maham237 @


Answer:

A. True.

Explanation:

The least total cost method (LTC) lot-sizing technique is a dynamic lot-sizing technique that calculates the order quantity by comparing the carrying cost and the setup (or ordering) costs for various lot sizes and then selects the lot in which these are most nearly equal.


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