Show work on a separate sheet. No Work, then No Credit. JR Augustine air conditioning in Nashville, Tenn. assembles ball bearings for use on "air conditioning" units during manufacturing of "air conditioning" units. JR Augustine wants to locate a low-cost supplier for the ball bearings he uses in his assembly operation. The supplier will be selected based on total annual cost to supply JR Augustine's needs. JR Augustine's yearly demand is 29,500 ball bearings, and the company operates 300 days a year. The following data are available for one of the suppliers being considered. Go to two decimal places in all calculations. SHIPPING QUANTITY Material Annual LEAD PER ANNUAL cost per INVENTORY TIME SHIPMENT Freight bearing HOLD COSTS (DAYS) ADMIN. SUPPLIER) COSTS (p) per unit (H) (L) COSTS Livonia Bearing 2.750 $21,500 $35.50 $7.20 7 $19,500 Table 1 answer ans. 2A. Refer to the instructions above. What is the daily demand (d)? (two decimal places) 3 points Hint: Not looking for yearly demand. Looking for daily demand. 2B. Refer to the instr. above. What are the annual material costs for Livonia Bearing? (two decimal places) (expressed in dollars) 2 points Hint: Annual Material cost =p (material cost per bearing) times (yearly demand of ball bearing.) 2C. Refer to the instruction above. What is the annual freight costs?? (two decimal places) (expressed in dollars) 1 points (hint: not a trick question) ans. ans ION 2D. Refer to the instr. above. What are the total inventory costs for Livonia Bearing? Answer (two decimal places) (expressed in dollars) 4 points Hint: I am not looking for annual holding cost per unit Hint: Total inventory costs involves a long formula. Refer to textbook and class notes. 5 ans. 2E. Refer to the instructions above. What is the Admin. Costs in dollars? (two decimal places) (expressed in dollars) 1 points Hint: Not a trick question. ans 2F) What are the total annual costs if Livonia Bearing is the supplier selected? (two decimal places) (expressed in dollars) 5 points Hint: 2b + 2c +2 +2e = total annual costs