Question: please solve with excel and show workings . if you cannot do not answer the question please. and thank you. 1. Basic EOQ Questic: The
1. Basic EOQ Questic: The inventory manager of ABC, Ltd., wants to order flour for its bakery in a cost effective manner. The bakery uses an average of 12,000 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $40 per order. Annual carrying costs are $37.50 per bag. REQUIRED: A. Determine the economic order quantity. B. What is the average number of bags on hand? C How many orders will there be per year? D Compute the total cost of ordering and carrying flour per year. E. If ordering costs were to increase by $2 per order, how much would that affect the minimum annual total cost
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