Read the following case study for Littefleid Labs. After reading the information answer the following questions based on the information on the information provided. Note: Partial credit will be available in order to provide credit for demonstration of subject knowledge. Littlefield Laboratories, LLC (LL) provides an integrated genetic test called MaterniT 21 PLUS for expected parents in Northern California. LL charges its customers a premium price of $1,900 per test and promises to return the result within 24 hours after receiving the order; otherwise a rebate will be provided. LL runs 247 and customer orders for the test come in to the lab with blood samples on a continuous basis. Demand for the test is relatively stable at an average of 3,000 tests per month, with an estimated standard deviation of 100 tests for the weekly demand. Each test requires an advanced testing kit that can be purchased from a sole supplier at a wholesale price of $600 each. LL can purchase the testing kits from the supplier in a batch. The supplier charges a fixed setup cost (including shipping) of $6,000 for each batch LL orders, regardless of the size of the batch. It will take exactly 7 days for the supplier to deliver the batch to LL after LL places the order. If LL runs out of inventory for less than a week, the backlog cost is estimated to be $156 per unit. As soon as the batch is delivered, LL pays the supplier out of is operational cash account, which generates interest for LL on a compound annual growth rate (CAGR) of 8%. Test kits are very small parts that do not require any physical resources (e.g., extra space or climate control) to hold. Implement Solution - LL has made an inventory decision of ordering 3000 units in a batch each time it orders from the supplier. Which of the following are true? (Select all that apply). Check All That Apply This is the EOQ solution. LL is expected to order 12 times a year. LL is expected to order once per month. The solution will impose an annual inventory holding cost that is much higher than the annual total setup cost. The solution will impose an annual total setup cost that is much higher than the annual inventory holding costs