0/10 2 points awarded Scored Additional Algo 11-4 On-Order Quantity A bakery orders supplies every 6 days. The lead time for deliveries is 3 days. Demand for pepper averages 22 pounds per day with a standard deviation of 2.5 pounds. The holding cost for pepper is $0.29 per pound per day. The bakery wants to achieve an in-stock probability rate of 98.78% for pepper. On average, how many pounds of pepper will the bakery have on order? eBook References On-order inventory 150 pounds 4 Additional Algo 11-6 Holding Cost per Unit 0/10 points awarded A company usually holds 300 pounds of wax in its warehouse. The company uses 50 pounds of wax per day and it takes 9 days for wax purchased from the supplier to arrive. The holding cost for wax is $0.4 per pound per day. What is the company's average holding cost (per pound for wax)? Note: Round your answer to 2 decimal places. Scored Average holding cost per unit $214.90 X eBook References