Calculate the optimal quantity for brass orders by applying the EOQ method. Included are all required info.

Cost of placing an order

Telephone cost $$20\mathrm{.}00$

Transportation costs $$3,000\mathrm{.}00$

The delivery of raw materials from suppliers to manufacturing is two days. Meanwhile, the company has set the carrying cost at $20\%$ of the product price.

Brass product price $=$$$32,000\mathrm{.}00$

Annual demand $($Hint: $1bs=R)$

Brass $=30,000lbs$

Questions:

a$)$ Calculate $Q$ for brass from the Economic Order Quantity $($EOQ$)$ method. $(2$ points$)$

b$)$ What is the reorder point? $(1$ point$)-$ correct equation is there.

c$)$ How many times per year do you expect to order? $(\frac{1}{2}pt)$

d$)$ What is the approximate number of days between deliveries? $(\frac{1}{2}pt)$