Question: Jordin Henry's machine shop uses 2 4 7 0 brackets during the course of a year. These brackets are purchased from a supplier 9 0

Jordin Henry's machine shop uses 2470 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:
Annual demand 2470
Holding cost per bracket per year $1.55
Order cost per order $18.50
Lead time 2 days
Working days per year 250
Part 2
a)
What is the EOQ?
enter your response here units (round your response to two decimal places).
Part 3
b)
What is the average inventory if the EOQ is used?
enter your response here units (round your response to two decimal places).
What would be the annual inventory holding cost?$
enter your response here (round your response to two decimal places).
Part 4
c)
Given the EOQ, how many orders will be made annually?
enter your response here orders (round your response to two decimal places).
What would be the annual order cost?$
enter your response here (round your response to two decimal places).
Part 5
d)
Given the EOQ, what is the total annual cost of managing(ordering and holding) the inventory? $
enter your response here (round your response to two decimal places).
Part 6
e)
What is the time between orders?
enter your response here days (round your response to two decimal places).
Part 7
f)
What is the reorder point(ROP)?
enter your response here units (round your response to two decimal places).

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