Question: ANSWER ALL PLZ 1. Jennys Jukebox Joint has to order new records for their jukeboxes constantly due to wear and tear. Their yearly demand for
ANSWER ALL PLZ
1. Jennys Jukebox Joint has to order new records for their jukeboxes constantly due to wear and tear. Their yearly demand for records is 600. The cost of placing an order for these records is $15.00 and the storage cost is 18% of purchase price. The company that Jennys Jukebox Joint buys from uses this schedule to determine the price-break:
| Number of Units | Price Per Unit |
| 1 99 | $7.45 |
| 100 199 | $6.20 |
| 200 Over | $5.00 |
Determine the minimum total annual costs of ordering, holding, and purchasing records for Jennys Jukebox Joint.
Group of answer choices
total cost is less than or equal to $2200
total cost is greater than $2200 but less than or equal to $2600
total cost is greater than $2600 but less than or equal to $ 3200
total cost is greater than $3200 but less than or equal to $3800
total cost is greater than $3800
2.
The business school needs 4000 rolls of toilet paper for the spring semester, 2000 for the summer semester and 4000 for the fall semester (there is no variability of demand or lead time). It costs $100 to place an order for the rolls. It costs $1.00 per year per roll to hold them in inventory. What amount should the Dean order if he uses the EOQ calculation?
Group of answer choices
a. Amount is less than or equal to 1,200
b. Amount is greater than 1,200 but less than or equal to 1,325
c. Amount is greater than 1,325 but less than or equal to 1,450
d. Amount is greater than 1,450 but less than or equal to 1,575
e. Amount is greater than 1,575
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