Question: need answer asap, also if possible show work. thank you :) Dairy of the Millennium is a large wholesaler of ice cream. Its most popular

need answer asap, also if possible show work. thank you :)
Dairy of the Millennium is a large wholesaler of ice cream. Its most popular product is the ice cream flavor, Mint Chocolate Chip, which is shipped from Northern Spain. Weekly demand is 40 cases. Dairy of the Millennium purchases each case for $110, there is a $350 fixed cost for each order (independent of the quantity ordered), and its annual holding cost is 25 percent. (Do not round intermediate calculations. Round your answer to the nearest whole number.) What order quantity minimizes Millennium's annual ordering and holding a. costs? (Do not round intermediate calculations. Round your answer to 2 decimal places.) If Millennium chooses to order 300 cases each time, what is the sum of its b. annual ordering and holding costs? (Do not round intermediate calculations. Round your answer to 2 decimal places.) If Millennium chooses to order 75 cases each time, what is the sum of the c. ordering and holding costs incurred by each case sold? per case (Do not round intermediate calculations. Round your answer to the nearest whole number.) If Millennium is restricted to ordering in multiples of 50 cases (e.g., 50, 100, d. 150 , etc.), how many cases should it order to minimize its annual ordering cases and hoilding costs? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Millennium is offered a 5.00 percent discount if it purchases at least 1,000 e. cases. If it decides to take advantage of this discount, what is the sum of its annual ordering and holding costsStep by Step Solution
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