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A manufacturer has a production facility that requires 12,404 units of component JY21 per year. Following a long-term contract, the manufacturer purchases component JY21 from

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A manufacturer has a production facility that requires 12,404 units of component JY21 per year. Following a long-term contract, the manufacturer purchases component JY21 from a supplier with a lead time of 11 days. The unit purchase cost is $25.7 per unit. The cost to place and process an order from the supplier is $161 per order. The unit inventory carrying cost per year is 15.4 percent of the unit purchase cost. The manufacturer operates 250 days a year. Assume EOQ model is appropriate. If the manufacturer uses a constant order quantity of 2,646 units per order, what is the average inventory level in units? Use at least 4 decimal places. A manufacturer has a production facility that requires 15,512 units of component JY21 per year. Following a long-term contract, the manufacturer purchases component JY21 from a supplier with a lead time of 10 days. The unit purchase cost is $23.4 per unit. The cost to place and process an order from the supplier is $125 per order. The unit inventory carrying cost per year is 18.4 percent of the unit purchase cost. The manufacturer operates 250 days a year. Assume EOQ model is appropriate. If the manufacturer uses a constant order quantity of 1,101 units per order, what is the annual holding cost? Note: It is important to know that the manufacturer does not really use the optimal order quantity. Use at least 4 decimal places

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