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Question 6 3 Question 7 3 Question 8 section o Question 1 1 pts Time Running: Hide Attempt due: Apr 28 at 2 Hours, 47 Minute A make to order suit manufacturer uses each week 50 meters of super 150 wool (Part number: NW2012). This is expensive material, and the cost per meter is $162.5. The supplier has a lead time of 2 weeks and the ordering cost are estimated to be $2,000 per order due to special processing and inspections. The inventory holding rate is 40% due to high insurance, taxes, and loss of material costs. They currently order using EOQ. 24/7 Proctoring S Calculator Live Chat The supplier is offering a discounted price of $158 per meter if the order size is of 700 meters. The costs per order increase to $2,500 and the lead time increases to 3 weeks. The supplier is offering a discounted price of $148 per meter if they order once a year. The costs per order increase to $3,000 and the lead time increases to 5 weeks. 1 Phone Assume 52 weeks per year. Answer the following: 1. What are the total costs under the current policy and the two discount options? 2. What is the recommend inventory policy? 2xSxD Qopt C XH R= P x L AHC = C XH XQ / 2 AOC = SXD/Q APC = DXC TC = AHC + AOC + APC Edit View Insert Format Tools Table 12pt v Paragraph BI U AA T2 A v