Pls Solve each question step by step 1-5

Video Excel Online Activity: EOQ . The sales of a popular mouthwash at Merkle Pharmacies over the past 6 months have averaged 2,000 cases per month resulting in 24,000 cases per month, which is the current order quantity. Merkle's cost is $13.00 per case. The company estimates its cost of capital to be 12 percent. Insurance, taxes, breakage, handling, and pilferage are estimated to be approximately 6 percent of item cost. Thus, the annual inventory-holding costs are estimated to be 18 percent of item cost. The cost of placing an order is estimated to be $35.00 per order regardless of the quantity requested in the order. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet Questions 1. What is the minimum-cost economic order quantity? Round your answer to the nearest whole number. 847.32 X cases 2. What is the annual ordering cost based on the minimum-cost economic order quantity? Use the rounded EOQ value in your calculations. Round your answer to the nearest cent. 3. What is the annual inventory holding cost based on the minimum-cost economic order quantity? Use the rounded EOQ value in your calculations. Round your answer to the nearest cent. 991 0 4. What is the total annual cost based on the minimum-cost economic order quantity? Use the rounded EOQ value in your calculations. Round your answer to the nearest cent. 1983 X 5. What are the total cost savings in absolute and relative terms caused by using the minimum-cost economic order quantity instead of the current purchasing policy of Q - 2,000? Use the rounded EQQ value in your calculations. Round your answer for the absolute cost savings to the nearest cent and answer for relative cost savings to the nearest whole number. EOQ Benefit: $ 777 X EOQ Benefit (%): 28 % 6. Choose the correct graph for the cost functions. The correct graph is [graph C Inventory Cost 3000 Back Next O M 9 N 13 80.F Mostly cloudy ~ ) 9 5 4x ENG 10:25 AM 11/18/202BIG AV ... ab Merge 18 Conditional Formatting Styles Format As C11 D Economic Order Quantity Model G M N o Q Annual Demand Rate 24,000 Ordering Cost $35.00 Use the area below to draw a line chart for cost functions. Unit Cost $13.00 Carrying Charge Rate 0.18 Formulas Economic Order Quantity (to the nearest whole) #N/A Order cost #N/A Inventory cost #NIA 11 Total cost #N/A 12 13 Sensitivity Analysis 14 Order Quantity 2,000 15 Order cost #N/A 16 Inventory cost #NIA 17 Total cost #N/A 18 19 EOQ Benefit #N/A 20 EOQ Benefit (%) #NIA 21 22 Chart Calculations 23 Order Quantity Order cost Inventory cost Total cost 24 424 #N/A #NIA #N/A 25 508 #NIA #N/A #N/A 26 593 #N/A #N/A #NIA 27 678 #N/A #NIA #N/A 28 765 #N/A #N/A #NA 29 847 #N/A #NIA #N/A 30 932 #N/A #NIA #NIA 1016 #NIA #NIA #N/A 1, 101 #N/A #NIA #N/A 1,186 #NIA #NIA #NIA 1,271 #N/A #N/A #N/A 1.355 #NIA #NIA #N/A 1.440 #N/A #NIA #N/A 1,525 #NIA #N/A #N/A 1,609 #N/A #N/A #N/A 39 40 41 42 43 44 E Sheet1 + Load Acalculation MadefiAutomatice.coWorkbook Statistics Type here to search O O - 9 N 13 80 F