Can someone please solve Questions 6-10? The answers that are selected are correct, but I am looking for the work so I can understand why these answers are correct. I will give a thumbs up.

Thank you!

QUESTION 5 The same scenario will be used for questions 21-30. Demand for a specific design of dinning sets has been fairly large in the past several years and Statewide Furnishings, Inc, usually orders new dinning sets 10 times a year. It is estimated that the ordering cost is $400 per order. The carrying cost is $50 per unit per year. Furthermore, State Wide Furnishings, Inc. has estimated that the stock out cost is $120 per unit per year. Based on forecast, the annual demand is 600 units. State Wide Furnishings, Inc. has 350 working days in a year and its lead time is 14 working days. Assume shortage is allowed and the store manager is sure that shortages will not become lost sales, determine the maximum allowable shortage. 117 98 34 24 None of the above QUESTION 6 The same scenario will be used for questions 21-30. Demand for a specific design of dinning sets has been fairly large in the past several years and Statewide Furnishings, Inc, usually orders new dinning sets 10 times a year. It is estimated that the ordering cost is $400 per order. The carrying cost is $50 per unit per year. Furthermore, State Wide Furnishings, Inc. has estimated that the stock out cost is $120 per unit per year. Based on forecast, the annual demand is 600 units. State Wide Furnishings, Inc. has 350 working days in a year and its lead time is 14 working days. Assume shortage is allowed and the store manager is sure that shortages will not become lost sales, determine the annual ordering cost. 592.82 1472.01 2051.28 4116.11 None of the above QUESTION 7 The same scenario will be used for questions 21-30. Demand for a specific design of dinning sets has been fairly large in the past several years and Statewide Furnishings, Inc, usually orders new dinning sets 10 times a year. It is estimated that the ordering cost is $400 per order. The carrying cost is $50 per unit per year. Furthermore, State Wide Furnishings, Inc. has estimated that the stock out cost is $120 per unit per year. Based on forecast, the annual demand is 600 units. State Wide Furnishings, Inc. has 350 working days in a year and its lead time is 14 working days. Assume shortage is allowed and the store manager is sure that shortages will not become lost sales, determine the annual holding cost. 592.82 1472.01 2051.28 04116.11 None of the above QUESTION 8 The same scenario will be used for questions 21-30. Demand for a specific design of dinning sets has been fairly large in the past several years and Statewide Furnishings, Inc. usually orders new dinning sets 10 times a year. It is estimated that the ordering cost is $400 per order. The carrying cost is $50 per unit per year. Furthermore, State Wide Furnishings, Inc. has estimated that the stock out cost is $120 per unit per year. Based on forecast, the annual demand is 600 units. State Wide Furnishings, Inc. has 350 working days in a year and its lead time is 14 working days. Assume shortage is allowed and the store manager is sure that shortages will not become lost sales, determine the annual shortage cost. . 592.82 1472.01 2051.28 4116.11 None of the above QUESTIONS The same scenario will be used for questions 21-30. Demand for a specific design of dinning sets has been fairly large in the past several years and Statewide Furnishings, Inc. usually orders new dinning sets 10 times a year. It is estimated that the ordering cost is $400 per order. The carrying cost is $50 per unit per year. Furthermore, State Wide Furnishings, Inc. has estimated that the stock out cost is $120 per unit per year. Based on forecast, the annual demand is 600 units. State Wide Furnishings, Inc. has 350 working days in a year and its lead time is 14 working days. Assume shortage is allowed and the store manager is sure that shortages will not become lost sales, determine the annual total relevant, including ordering, holding and shortage, cost. 592.82 1472.01 2051.28 4116.11 None of the above QUESTION 10 The same scenario will be used for questions 21-30. Demand for a specific design of dinning sets has been fairly large in the past several years and Statewide Furnishings, Inc, usually orders new dinning sets 10 times a year. It is estimated that the ordering cost is $400 per order. The carrying cost is $50 per unit per year. Furthermore, State Wide Furnishings, Inc. has estimated that the stock out cost is $120 per unit per year. Based on forecast, the annual demand is 600 units. State Wide Furnishings, Inc. has 350 working days in a year and its lead time is 14 working days. Assume shortage is allowed and the store manager is sure that shortages will not become lost sales, determine the reorder point. 10 -10 34 None of the above QUESTION 5 The same scenario will be used for questions 21-30. Demand for a specific design of dinning sets has been fairly large in the past several years and Statewide Furnishings, Inc, usually orders new dinning sets 10 times a year. It is estimated that the ordering cost is $400 per order. The carrying cost is $50 per unit per year. Furthermore, State Wide Furnishings, Inc. has estimated that the stock out cost is $120 per unit per year. Based on forecast, the annual demand is 600 units. State Wide Furnishings, Inc. has 350 working days in a year and its lead time is 14 working days. Assume shortage is allowed and the store manager is sure that shortages will not become lost sales, determine the maximum allowable shortage. 117 98 34 24 None of the above QUESTION 6 The same scenario will be used for questions 21-30. Demand for a specific design of dinning sets has been fairly large in the past several years and Statewide Furnishings, Inc, usually orders new dinning sets 10 times a year. It is estimated that the ordering cost is $400 per order. The carrying cost is $50 per unit per year. Furthermore, State Wide Furnishings, Inc. has estimated that the stock out cost is $120 per unit per year. Based on forecast, the annual demand is 600 units. State Wide Furnishings, Inc. has 350 working days in a year and its lead time is 14 working days. Assume shortage is allowed and the store manager is sure that shortages will not become lost sales, determine the annual ordering cost. 592.82 1472.01 2051.28 4116.11 None of the above QUESTION 7 The same scenario will be used for questions 21-30. Demand for a specific design of dinning sets has been fairly large in the past several years and Statewide Furnishings, Inc, usually orders new dinning sets 10 times a year. It is estimated that the ordering cost is $400 per order. The carrying cost is $50 per unit per year. Furthermore, State Wide Furnishings, Inc. has estimated that the stock out cost is $120 per unit per year. Based on forecast, the annual demand is 600 units. State Wide Furnishings, Inc. has 350 working days in a year and its lead time is 14 working days. Assume shortage is allowed and the store manager is sure that shortages will not become lost sales, determine the annual holding cost. 592.82 1472.01 2051.28 04116.11 None of the above QUESTION 8 The same scenario will be used for questions 21-30. Demand for a specific design of dinning sets has been fairly large in the past several years and Statewide Furnishings, Inc. usually orders new dinning sets 10 times a year. It is estimated that the ordering cost is $400 per order. The carrying cost is $50 per unit per year. Furthermore, State Wide Furnishings, Inc. has estimated that the stock out cost is $120 per unit per year. Based on forecast, the annual demand is 600 units. State Wide Furnishings, Inc. has 350 working days in a year and its lead time is 14 working days. Assume shortage is allowed and the store manager is sure that shortages will not become lost sales, determine the annual shortage cost. . 592.82 1472.01 2051.28 4116.11 None of the above QUESTIONS The same scenario will be used for questions 21-30. Demand for a specific design of dinning sets has been fairly large in the past several years and Statewide Furnishings, Inc. usually orders new dinning sets 10 times a year. It is estimated that the ordering cost is $400 per order. The carrying cost is $50 per unit per year. Furthermore, State Wide Furnishings, Inc. has estimated that the stock out cost is $120 per unit per year. Based on forecast, the annual demand is 600 units. State Wide Furnishings, Inc. has 350 working days in a year and its lead time is 14 working days. Assume shortage is allowed and the store manager is sure that shortages will not become lost sales, determine the annual total relevant, including ordering, holding and shortage, cost. 592.82 1472.01 2051.28 4116.11 None of the above QUESTION 10 The same scenario will be used for questions 21-30. Demand for a specific design of dinning sets has been fairly large in the past several years and Statewide Furnishings, Inc, usually orders new dinning sets 10 times a year. It is estimated that the ordering cost is $400 per order. The carrying cost is $50 per unit per year. Furthermore, State Wide Furnishings, Inc. has estimated that the stock out cost is $120 per unit per year. Based on forecast, the annual demand is 600 units. State Wide Furnishings, Inc. has 350 working days in a year and its lead time is 14 working days. Assume shortage is allowed and the store manager is sure that shortages will not become lost sales, determine the reorder point. 10 -10 34 None of the above