Question: A machine shop uses 2 comma 450 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The

A machine shop uses 2 comma 450 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 = 2,450 Holding cost per bracket per year = $ 1.60 Order cost per order = $ 18.50 Lead time = 2 days Working days per year = 250 Part 2 a) What is the EOQ? enter your response here units (round your response to two decimal places). Part 3 b) What is the average inventory if the EOQ is used? enter your response here units (round your response to two decimal places). What would be the annual inventory holding cost? $ enter your response here (round your response to two decimal places). Part 4 c) Given the EOQ, how many orders will be made annually? enter your response here orders (round your response to two decimal places). What would be the annual order cost? $ enter your response here (round your response to two decimal places). Part 5 d) Given the EOQ, what is the total annual cost of managing (ordering and holding) the inventory? $ enter your response here (round your response to two decimal places). Part 6 e) What is the time between orders? enter your response here days (round your response to two decimal places). Part 7 f) What is the reorder point (ROP)? enter your response here units (round your response to two decimal places)

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