There are two questions in this assignment. Each question is worth 10 points adding to 20 points. 1. A large bakery buys flour in 20-pound bags. The bakery uses an average of 1050 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $15 per order. Annual Carrying costs are $ 55 per bag, a) Determine the economic order quantity? b) What is the average number of bags on-hand? c) How many orders per year will there be? d) Compute the total cost of ordering and carrying flour? .) Iholding costs were to increase by $5 per year, how much would the minimum total annual cost? 2. The maintenance department of a large hospital uses about 820 cases of liquid cleanser annually. Ordering costs are $ 8, carrying costs are $ 10 per case a year, and the new price schedule is given in table below. Determine the optimal order quantity and the total cost. Range Price 1 to 49 $ 30 50 to 79 80 to 99 100 or more