Question: Answer with explanation please and thank you! Problem 20-38 A particular raw material is available to a company at three different prices, depending on the

Answer with explanation please and thank you! Problem 20-38 A particular

Answer with explanation please and thank you!

Problem 20-38 A particular raw material is available to a company at three different prices, depending on the size of the order: Less than 100 pounds $20 ur per per 1,000 pounds or e$18er 100 pounds to 999 pounds pound S19 P pound The cost to place an order is $40. Annual demand is 4,100 units. Holding (or carrying) cost is 25 percent of the material price. What is the economic order quantity to buy each time, and its total cost? (Round your answers to the nearest whole number.) Economic order quantity Total cost

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