Question: Section C-Long Answer Questions - Answer any ONE (1x 6 marks = 6 marks) 15. An auto parts supplier sells Hardy-brand batteries to car dealers

Section C-Long Answer Questions - Answer any ONE (1x 6 marks = 6 marks) 15. An auto parts supplier sells Hardy-brand batteries to car dealers and auto mechanics. The annual demand is approximately 1,200 batteries. The supplier pays set up cost equal to $20 for each battery and estimates that the annual holding cost is $8.4. The working days for the company are 300 days per year a. Determine the economic order quantity (EOQ). b. How many orders will be placed per year using the EOQ? c. What is the expected time between orders? d. Determine the ordering, holding, and total inventory costs for the EO

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