Question: please answer the 3 questions that are in the second picture. thanks! M. P. VanOyen Manufacturing has gone out on bid for a regulator component.

please answer the 3 questions that are in the second picture. thanks!

M. P. VanOyen Manufacturing has gone out on bid for a regulator component. Expected demand is 700 units per month. The item can be purchased from other Allen Manufacturing or Baker Manufacturing. Their price lists are shown in the table. Ordering cost is $45, and annual holding cost per unit is $4. Allen Mfg. Quantity Unit Price 1-499 $16.00 500-999 15.50 1000+ 15.00 Baker Mtg. Quantity Unit Price 1-399 $16.10 400-799 15.60 800 15.10 a) What is the economic order quantity il price is not a consideration? 410 units (round your response to the nearest whole number). a) What is the economic order quantity? b) Which supplier should be used? Why? c) What is the optimal order quantity and total annual cost of ordering, purchasing, and holding the component? PX

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