QUESTION #1 50 Points Occasionally Par Inc." accepts a special order for LOGO GOLONG golf balls. These are customized golf balls that occur rarely and need to be manufactured in small batches. The firm's estimated quarterly demand for the LOGO ball is 200,000 balls. They have an annual production capacity that is estimated to be your student ID# (wow what a coincidence). For example, if your ID# is W01085206, then use 1,085,206 for the number of golf balls produced in a year. To add the LOGO to the golf ball Par Inc. will need to rent a machine that will cost $5000.00 each time they produce these special orders. The holding cost for each golf ball is relatively cheap, 5% of the cost of goods sold (COGS) and LOGO golf balls COGS is $1.50. Golf is almost a year-round sport, so the plant operates 300 days a year. Furthermore, Par Inc. prides itself on quality, they estimate that the average defect rate for LOGO golf balls is only 5%. Since Par Inc, always has production materials for golf balls, the only special material that needs to be order is the logo itself and these take 3 days to receive from the Art Department. Mr. Porky Pig is Par Inc.'s V. P. of Production. He needs your assistance in developing a 2022 inventory policy for the LOGO golf balls. Provide the MS 6.0 solution for Par Inc.'s production problem. You must submit your MS 6.0 solution with your exam. Answer the following questions: How many golf balls should be produced per batch? Please type your answer here. What is the number of production runs per year? Please type your answer here. What is the time between production runs? Please type your answer here. What is the length of production and non-production time? Please type your answer here. Identify and briefly explain the 3 Budgets of Inventory. Please type your answer here. Determine the re-order point for the logos needed from the Art Department. Please type your answer here. If the variance for golf ball inventory is 160,000 units. What safety stock levels should Par Inc. manufacture if they want to maintain at least an 10% stockout rate but no more than a 5% stockout rate? You must submit evidence (show your work) of your solution with your exam. Provide Mr. Porky Pig with a 2 Paragraph MEMO that identifies and explains your suggested 2022 inventory policy of the LOGO golf ball. As part of your answer, include at least two qualitative criteria and two quantitative criteria that helped you determine your inventory policy. PORKY PIG LCOWY TUNES BACK IN ACTION () Memo to V.P. for Production: (at least 2 GREAT paragraphs) Dear Mr. Porky Pig, Please type your answer here