Question: Check m 31 Problem 12-3 (Static) 10 points A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a

Check m 31 Problem 12-3 (Static) 10 points A

Check m 31 Problem 12-3 (Static) 10 points A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag. a. Determine the economic order quantity. (Round your final answer to the nearest whole number.) eBook Hint Economic order quantity bags References b. What is the average number of bags on hand? (Round your final answer to the nearest whole number.) Average number of bags 31 c. How many orders per year will there be? (Round your final answer to the nearest whole number.) Number of orders per year 10 points eBook Hint d. Compute the total cost of ordering and carrying flour. (Round your final answer to the nearest whole number.) References Total cost e. If annual holding costs were to increase by $9 per bag, how much would that affect the minimum total annual cost? (Round your intermediate calculations to 2 decimal places and final answer to 2 decimal places.) Increase by

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