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. Group of answer choices True False

True

Step-by-step explanation:

The least total cost method is the method in which the total cost of the ordering cost and the total carrying cost is equal among various lot size available.

The order quantity should be choose when the total ordering cost and the total carrying cost equal to each other

The formula to compute the economic order quantity is shown below:

a. The computation of the economic order quantity is shown below:

It is always be expressed in units

The formula to compute the ordering cost is

And, the formula to compute the carrying cost is

Hence, the given statement is true

12m

step-by-step explanation:

square root means have of a number so have of 3 is 1.5 then multiply it by 8 and you get your answer!