%x Problem 12.28 Question Help Emery Pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. Emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. The cost schedules of two suppliers are as follows: Vendor 1 Quantity Price/lb 1-499 $17.00 500-999 $16.75 1,000+ $16.50 Vendor 2 Quantity Price/lb 1-399 $17.10 400-799 $16.85 800-1,199 $16.60 1,200+ $16.25 This exercise contains only parts a, b, and c. a) What is the economic order quantity for each supplier? For Vendor 1 at $17.00/pound, the economic order quantity is 334 units (round your response to the nearest whole number). For Vendor 2 at $17.10/pound, the economic order quantity is 333 units (round your response to the nearest whole number). b) What quantity should be ordered and which supplier should be used? Therefore the best option is to place the order with Vendor 2 for an order size of 1,200 units c) The total cost for the most economic order size is $ 166146 (round your response to the nearest whole number)