represents the optimum size for batch production at which the total of set up costs per annum ...........

Costing - Phase (I & II) Methods of Costing

............... represents the optimum size for batch production, at which the total of set-up costs per annum and inventory costs per annum, are minimum.

EBQ

EOQ

carrying cost

none of these

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Explanation:

Economic Batch Quantity (EBQ), also known as the optimum production quantity (EPQ), is the order size of a production batch that minimizes the total cost. It represents the optimum size for batch production, at which the total of set-up costs per annum and inventory costs per annum, are minimum.