AutoSave OFF BUS373S2021FINAL-makeup-richards-2 Compatibility Mode - Saved to my Mac Home Insert Draw Design Layout References Mailings Review View Tell me Share Comments Palatino Lin... 10 Aa T Paste B I ab x, A D Normal AaBbCcDdE AaBbCcDc AaBbCcDdE AaBbCcDc AaBbCcDdEe Heading 1 Heading 2 AaBbCcDdE > Title Subtitle Emphasis Styles Pane Dictate Sensitivity Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. 24) Ralph was in the process of completing the quarterly planning for the purchasing department when a major computer malfunction lost most of his data. For direct material XXX he was able to recover the following: Average inventory level of XXX 5 Orders per year Average daily demand Working days per year Annual ordering costs 200 40 48 250 $4,000 $6,000 6 Annual carrying costs Ralph purchases at the EOQ quantity level. Required: Determine the annual demand, the cost of placing an order, the annual carrying cost of one unit, and the economic order quantity. 7 8 25) BONUS-10 POINTS: Due to unprecedented growth during the year, Flowers by Kelly decided to use some of its surplus cash to increase the size of several inventory order quantities that had been previously determined using an EOQ model. Required. Page 8 of 9 93 of 1598 words English (United States) Focus Check for Updates + 194%