Question 2 (10 points) Saved You work for a company, Malcom & Milgram, and you are in charge for developing an inventory policy. The company wants a 98 percent probability of not stocking out. To illustrate your recommended procedure, use as an example the ordering policy for white percale sheets. The daily demand is 15 units. The store is open 365 days per year. Every two weeks (14 days) inventory is counted and a new order is placed. It takes 10 days for the sheets to be delivered. Standard deviation of demand for the sheets is five per day. There are currently 35 sheets on hand. How many sheets should you order? 365 376 355 342 Question 6 (5 points) What are the lot sizing procedures for independent demand? | - Determine the price of materials 11 - When to place an order III How much to order I and 11 OI and III Oil and III O1, II, and I Question 8 (10 points) Company XYZ produces electric guitars. The company has a stable annual demand of 2,600 units per year. Assume a year with 365 days. They must purchase the guitar body from one supplier at a cost of $200 for each body. It costs $5.25 to place an order and $6.50 to store. The lead time is 10 days. What is the total order cost per year? O $72 $64.81 $40.12 $210.62 Question 9 (10 points) Company XYZ produces electric guitars. The company has a stable annual demand of 2,600 units per year. Assume a year with 365 days. They must purchase the guitar body from one supplier at a cost of $200 for each body. It costs $5.25 to place an order and $6.50 to store. The lead time is 10 days. What is the total order cost per year? O $210.62 $240.12 ho $172 $212.50 Question 10 (10 points) Company XYZ produces electric guitars. The company has a stable annual demand of 2,600 units per year. Assume a year with 365 days. They must purchase the guitar body from one supplier at a cost of $200 for each body. It costs $5.25 to place an order and $6.50 to store. The lead time is 10 days. What is the reorder point? 68 72 81 075