Question: Question 2 (5 points) Amalgamated Metal Machining Ltd uses massive quantities of industrial lubricants. The purchasing department is given the following information. The annual demand

Question 2 (5 points) Amalgamated Metal Machining Ltd uses massive quantities of industrial lubricants. The purchasing department is given the following information. The annual demand is 20,000 cases of lubricant. The lubricant costs $95 per case. The holding cost has been determined to be $10 per case per year and it costs $15.00 to process a purchase order. a. Calculate the economic order quantity for the cases of lubricant. b. What does this EOQ number mean c. Calculate the annual Set up Cost. d. Calculate the annual cost for Holding the inventory c. Calculate the total cost of ordering. Explain what this number means. Blank # 1 py Blank # 2 N Blank # 3 Blank #4 Blank # 5 A/

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