Question: IM.72 The Candy Shack has a monthly IM.72 The Candy Shack has a monthly demand of 230 bags of Watermelon Slices. They pay $11.51 for

IM.72 The Candy Shack has a monthly

IM.72 The Candy Shack has a monthly demand of 230 bags of Watermelon Slices. They pay $11.51 for each box of candy which contains 12 bags for sale. Their ordering costs are $50. Holding costs are negligible but they do pay 13% annually on the money they borrow to make such purchases. What is the annual demand-in terms of boxes? (Display your answer to the nearest whole number.) 230 What is the materials costsper bag? (Display your answer to two decimal places.) 0.96 What is the economic order quantity (EOQ)in terms of bags? (Display your answer to the nearest whole number.) 124

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