Question 56 6 Points What is the forecast for May based on a weighted moving average applied to the following past demand data and using the weights: 4, 3, 2 (largest weight is for most recent data)? Nov. Dec. Jan. Feb. Mar. April 40 38 42 48 54 50 Use the editor to format your answer Question 57 8 Points = = You have graduated from Humber College and are employed to a major distribution company. Your manager has asked you to calculate some inventory management costs for a certain product. This is your moment to shine. You are given the following data: Demand = 72,000 units per year, Set-up cost = $120 per setup, Purchase price = $5 per unit, and Holding cost = 25% of purchase price. Calculate the: 1. economic order quantity (EOQ) 2. expected number of orders (N) 3. annual ordering cost (S) 4. annual holding cost (H) 5. total cost (TC) Question 58 6 Points An organization is considering three process configuration options. There are two different intermittent processes, as well as a repetitive focus. The smaller intermittent process has fixed costs of $5,000 per month, and variable costs of $14 per unit. The larger intermittent process has fixed costs of $20,000 per month and variable costs of $5 per unit. A repetitive focus plant has fixed costs of $55,000 and variable costs of $3 per unit. a. If the company produced 20,000 units, what would be its cost under each of the three choices? b. Which process offers the lowest cost to produce 40,000 units? What is that cost