Question 6 of 7 -715 View Policies Current Attempt in Progress Healthy Plants Ltd. (HP) produces its premium plant food in 60-pound bags. Demand for the product is 168,000 pounds per week HP operates fifty weeks per year and can produce 280,000 pounds per week. The setup cost is $180 and the annual holding cost rate is 50.52 per bag Currently. HP produces its premium plant food in batches of 1,100.000 pounds. Determine what will happen it HP uses the economic production quantity model to establish the quantity produced each cycle. (a) Calculate the economic production quantity (EPO) (Round your answers to decimal places, es 125. Do not round your Intermediate computationis.) pounds of bags (1) Calculate the maximum inventory level using the EPO (Round your answers to decimal places, eg. 125. Do not round your intermediate computations.) pounds or bags (c) Calculate the total annual cost of losing the EPQ (Round your answers to 2 decimal places, eg. 15.25. Do not round your intermediate computations/ (b) Calculate the maximum inventory level using the EPQ (Round your answers to decimal places, eg. 125. Do not round your Intermediate computations.) pounds or bags (c) Calculate the total annual cost of using the EPQ (Round your answers to 2 decimal places, es 15.25. Do not round your intermediate computations) $ (d) Calculate the penalty cost HP is incurring with its current policy. Total annual cost under current policy is $3,281. (Round your answers to 2 decimal places, eg 15.25. Do not round your intermediate computations.) e Textbook and Media Sve for Later Attempts: 0 of 1 used Submit