Question: 2. Bermar Machine Shop uses 2,500 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following

2. Bermar Machine Shop uses 2,500 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets. Annual demand 2,500 Annual holding cost $1.50 Order cost per order $18.75 Lead time 2 days Working days per year 250 a. Given the above information, what would be the economic order quantity (EOQ)? 3 marks b. Given the EOQ, what is the average inventory? What is the annual inventory holding cost? 3 marks c. Given the EOQ, how many orders would you make each year? What would be the annual cost? 3 marks d. What is the re-order point? 1mark

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