Question: A manager has just received a revised price schedule from a vendor. What ordeiquantity should the manager use in order to minimize total costs? Annual

A manager has just received a revised price schedule from a vendor. What ordeiquantity should the manager use in order to minimize total costs? Annual demand is 150units, ordering cost is $l2, and annual carrying cost is $l.5 per unit.
Quantity
1-59
Unit Price
$15
60-99
100 or more
$10
a. f6 Pts] Determine the optimal order quantity and the total annual inventory cost.
b. f6 Pts| Determine the optimal order quantity and total annual inventory cost if thecarrying cost is 20% of the unit price.

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