Question: Based on the information given above, answer the following questions (a) What is the unadjusted order quantity for each of the ranges? [0.5+0.5+0.5+0.5=2] (b) What

Based on the information given above, answer the

Based on the information given above, answer the following questions (a) What is the unadjusted order quantity for each of the ranges? [0.5+0.5+0.5+0.5=2] (b) What is the adjusted order quantity for each of the ranges? [0.5+0.5+0.5+0.5=2] (c) What is the ordering cost for each of the ranges? [0.5+0.5+0.5+0.5=2] (d) What is the material cost for each of the ranges? [0.5+0.5+0.5+0.5=2] (e) What is the final ordering decision of Funny fest? [2]

2. Funny fest is a candy packet retailer. Demand for candy packet is 600 candy packet per month. Funny fest incurs a fixed order placement, transportation, and receiving cost of $200 each time an order for a candy packet is placed with the manufacturer. Funny fest incurs a holding cost of 20 percent. The price charged by the manufacturer follows the all-unit discount pricing schedule presented in Table 2. Table 2. Pricing schedule offered by manufacturer

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