Question: Note: Show the process of problem solving using the right formula. Q1 (EOQ Model: 36 pts). ABC store sells beds and assorted supplies. His best-selling

Note: Show the process of problem solving using the right formula. Q1 (EOQ Model: 36 pts). ABC store sells beds and assorted supplies. His best-selling bed has an annual demand of 400 units. Ordering cost is $40; holding cost is $5 per unit per year.

(a) To minimize the total cost, how many units should be ordered each time an order is placed?

(b) Find the number of orders per year

(d) Find the annual ordering costs

(e) Find the annual holding costs

(f) Given the daily demand of 5 and lead time of 3, what is the reorder point?

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