Q=(1PD)Ck2DC0 is applicable. Given D=7000 units per year, C0=$115, and Ch=$3 per unit per year. Compute the minimum cost production lot size for Assume that a production line operates such that the production lot size model of each of the following production rates: a. 8100 units per year b. 10000 units per year c. 34000 units per year d. 110000 units per year If required, round your answers to the nearest whole number. Q=Ch2DCo If required, round your answers to the nearest whole number. Compute the EOQ recommended lot size using equation Q= What two observations can you make about the relationship between the EOQ model and the production lot size model? Production Lot Size Q is always than the EOQ Q* with the As the production rate P the recommended Q decreases, but always remains the recommended Q decreases, but always remains D,Co, and Ch values. than the EO