QUESTION 22 Economic Order Quantity: EOQ = 2DS H An auto parts supplier sells Forever-brand batteries to car dealers and auto mechanic shops. The annual demand is 2500 batteries. The supplier pays $25 for each battery and estimates that the annual holding cost is 20% of that value. Order costs are $78.40. The supplier currently orders 125 batteries per month. Calculate the economic order quantity (EOC) for the batteries? In which range below does it fall a Greater than 290 per order b. Greater than 270 but less than or equal to 290 per order Greater than 250 but less than or equal to 270 per order d. Less than or equal to 250 batteries per order QUESTION 23 Which one of the following is most useful for measuring the BIAS in a forecast? a. Percentage forecast error in period b. Standard deviation of forecast errors Cumulative sum of forecast errors d. Mean absolute deviation of forecast errors