An accountant of a firm has collated the following inventory data pertaining to a fragile item that costs $50 managed at her firm's warehouse.

 

Type of cost	Values
Opportunity cost of investment in inventory	8.5%
Fixed cost of order generation per order	$35
Cost of inspecting items received	$5
Cost due to breakage or spoilage	6.5%
Warehouse rental	3%
Insurance costs	1%

If the annual demand for the item is 2400, compute the;

(a) EOQ

(b) Annual ordering cost

(c) Annual holding cost

(d) TRC

(e) Cycle time between each orders

(f) Number of orders in a year

for this item. ( Note: Assume 365 workdays per year)