Forecasters at Saloman Curtis have estimated the demand for an item that they import from Taiwan to average units a month. They pay for each unit. Last year the Purchasing and Inward Transport Department arranged the delivery of orders and had running costs of The Accounts Section quotes the annual holding costs as per cent of unit cost for capital and opportunity loss per cent for storage space, per cent for deterioration and obsolescence and per cent for insurance All other costs associated with stocking the item are combined into a fixed annual cost of Calculate the economic order quantity for the item, the time between orders and the corresponding total cost. By making the item at a rate of units a month Saloman Curtis could avoid the fixed cost of a year, reduce the unit cost to and have a batch setup cost of Would it be better for the company to make the item itself ratherthanbuyitin