Question 5
The candidates were expected to calculate:
(a) re-order level;
(b) maximum stock level;
(c) minimum stock level;
(d) average stock level.
Observation
Most of the candidate did not attempt this question and majority of those who did, failed to compute correctly. This is attributed to their inability to apply the correct formula for each stock level. The formula for Re- order level was mistakenly used to calculate Maximum stock level by some candidate.
