Question: I do not know what the alternatives are when it comes to Annual Inventory or Production Costs. Ergonomics Inc. sells ergonomically designed office chairs. The

I do not know what the alternatives are when it comes to Annual Inventory or Production Costs.
I do not know what the alternatives are when it
I do not know what the alternatives are when it
I do not know what the alternatives are when it
Ergonomics Inc. sells ergonomically designed office chairs. The company has the following information: Average demand = 36 units per day Average lead time 50 days Item unit cost=70 for orders of less than 400 units Item unit cost - $68 for orders of 400 units or more Ordering cost $45 Inventory carrying cost -25% The business year is 250 days Assume there is no uncertainty at all about the demand or the lead time. a. Calculate EQ f unit cost is $70 and 568. (Note: These EOQs do not need to be feasible in their price range) (Round up your answers to the next whole number.) Answer is complete and correct. EOG 216 units Unit cost at 570 Unit costat 568 219 units b. Calculate annual ordering costs for each alternative? (For the first value, use your rounded EOQ from Port a. For the second value, use the lowest feasible order quantity needed to qualify for that price level. Round your answers to 2 decimal places.) Answer is complete and correct. Annual Ordering Cost Unit costat 570 1.875.00 Unit costat 568 1,01250 c. Calculate annual inventory carrying costs for each alternative? (For the first value, use your rounded og from Part a. For the second value, use the lowest feasible order quantity needed to quality for that price level. Round your answers to 2 decimal places.) Annual Inventory Carrying Cost Unit cost at $70 Unit cont at SGB d. Calculate annual product costs for each alternative? (Enter your answer as a whole number.) Answer is not complete. Annual Product Cont Unit cost at 570 Unit cost at $68 e. Using your rounded answers from Parts b, c and d. what will be the total cost for each alternative? (Round your answers to 2 decimal places.) Total Cost Unit cost $70 Unit cost at $68

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