ABC company makes 53 orders of chairs in a year and orders 214 chairs each time. The fixed order costs are $336.24 per order and the carrying cost per unit is $57.69. The chairs are sold out before they are restocked. What are the carrying costs if the company orders the optimal quantity (Economic Order Quantity)?

ABC company makes 64 orders of chairs in a year and orders 17,789 chairs each time. The fixed order costs are $623.39 per order and the carrying cost per unit is $67.49. The chairs are sold out before they are restocked. What are the shortage costs if the company orders the optimal quantity (Economic Order Quantity)?