Question: 2. What is the EOQ quantity if the annual demand is 1,000 units, cost of the item is $10, carrying rate is 10%, and order

2. What is the EOQ quantity if the annual demand is 1,000 units, cost of the item is $10, carrying rate is 10%, and order processing cost is $50? 3. Assuming that the annual demand is 1,000 units, cost of the item is $10, carrying rate is 10%, and order processing cost is $50. If the firm order this item at 500 units per order, what are the (a) annual ordering cost, and (b) annual holding cost

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