Question: No need to show full work, just please answer all parts it is multiple choice, please with all the parts, thank you ! The Robinsons

No need to show full work, just please answer all parts it is multiple choice, please with all the parts, thank you ! No need to show full work, just please answer all
The Robinsons Chemical Company produces a chemical compound that is used as a lawn fertilizer. The compound can be produced at a rate of 25,000 pounds per day. Demand for the compound is 0.9 million pounds per year. The fixed cost of setting up for a production run of the chemical is $3,000, and the variable cost of production is $3.50 per pound. The annual holding cost per pound of the chemical amounts to 10% of the value. Assume that there are 250 working days in a year. What is the optimal lot size, i.e., Q*? A) 224,212 B) 134,301 C) 949,304 D) 124,212 What is the maximum inventory level? A) 113,215 B) 134,211 C) 124,212 D) 106,325 What is the total cost if Q* is produced? A) 30,744 B) 39,988 C) 43,470 D) 40,222

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