Question: Answer part 3 please AQ3. [16 marks] Surge Electric uses 5, 600 toggle switches a year. It costs $140 to prepare an order and receive

Answer part 3 please AQ3. [16 marks] Surge

Answer part 3 please

AQ3. [16 marks] Surge Electric uses 5, 600 toggle switches a year. It costs $140 to prepare an order and receive it, and annual carrying cost is $0.2 per unit. 1. [3 marks] Determine the EOQ. 2. [4 marks) Under EOQ, what are the average mmber of orders per year and the length of each order cycle (in weeks)? Assume one year has 52 weeks. 3. (9 marks] Switches are priced as in the table below. Suppose the optimal order quantity equals EOQ. what is the marimum unit price c for the first price range (when the number of switches is between 1 and 3,999)? Number of Switches Unit Price 1 to 3.999 4,000 to 7.999 8.000 or more $1.980 $1.960

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AQ3. [16 marks] Surge Electric uses 5; 600 toggle switches a year. It costs $140 to prepare an order and receive it, and annual carrying cost is $0:2 per unit. 1. [3 marks] Determine the EOQ. 2. [4...

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