Question: NEED ASAP Answers only no need for solution For the next 2 questions, including this number: Consider a basic economic order quantity model with the

NEED ASAP Answers only no need for solution

For the next 2 questions, including this number: Consider a basic economic order quantity model with the following characteristics: annual demand = 5,200 units; Ordering cost = $150 per order: Unit cost of item = $30; Annual holding cost = 12% of purchase cost; backorder cost = $120; lead time = 3 days: days per year = 250. What is the economic order quantity? 720 668 530 650 Question 58 1 pts What is the maximum backorder? 25.35 19.46 30.21 15.21

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