Homework MGMT $370$ Chapter $134.$ A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $58$ per stone for quantities of $600$ stones or more. $$9$ per stone for orders of $400$ to $599$ stones, and $$10$ per stone for lesser quantities. The jewelry firm operates $200$ days per year. Usage rate is $25$ stones per day. and ordering costs are $$48.$ Carrying costs are $$2$ per year for each stone. Determine the optima VV$04$ l order quantity and the total cost. Assume the model assumptions are satisfied A$)$ Identify the following Annual demand Order cost per order Annual carrying cost per unit B$)$ What is the optimal order quantity? State the Formula: Calculate: c$)$ What is the total cost for the optimal order quantity? State the Formula: Calculate: Page $4$ of $4$