Question: Joe Henry's machine shop uses 2,480 brackets during the course of a year, These brackets are purchased from a supplier 90 miles away. The following

Joe Henry's machine shop uses 2,480 brackets during the course of a year, These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: a) What is the EOQ? Units (round your response fo two decimal places). b) What is the average inventory if the EOQ is used? units (round your rosponse to two decimal places). What would be the annual inventory holding cost? $ (round your response to hwo decimal plicos). C) Given the EOQ, how many orders will be made annualy? orders (round your response to fwo decimal places). What would be the annual order cost? 3 (round your response fo two docimal places). d) Given the EOO, what is the total annual cost of managing (ordering and holding) the inventory? $ (round your response to fwo decimal placeet. e) What is the fime between orders? days (round your msponso to fwo docimal places). 7) What is the reorder point (ROPY? units (round your response fo two decimal places)

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