Question: In the previous question, if the demand has changed to 1500 units. Calculate the total cost based on the previous EOQ (when demand was 1000

In the previous question, if the demand has changed to 1500 units. Calculate the total cost based on the previous EOQ (when demand was 1000 units) and compare it with the total cost when you do the new calculation for the EOQ based on 1500 units. Determine optimal number of needles to order D= 1,000 units S= $10 per order H=$.50 per unit per year FIND EOQ, No. of orders, Expected time between orders, lead time, total carrying cost annually, total holding cost annually and the total cost. 3

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