A bakery manager has to order staff members to make cakes during certain days of the month.
On cake production days, number of cakes made in a day:	500	cakes per day
Annual sales for cakes:	12000	cakes
Daily sales:	40	cakes
The cost of storing cake:	2	per cake per year
Cost of ordering cakes (accounts for total costs of labor, raw materials, equipment, etc.):	30	per order of cake production day
The working days in the year bakery is open:	300	days in a year
	Answers
How many cakes should the manager ask the cake making team to produce (EOQ)?
How many times will the cake making team be asked to make cakes by the manager?
What will be the maximum number of cakes in the bakery at any time?
Out of one Run of Production-consumption cycle,how many days is the bakery actually making cakes?
What percentage of days is the bakery actually busy making cakes? (compared to total working days)
What are the ordering costs and holding costs for the bakery for a year?
a. Ordering Costs
b. Holding Costs