(Comprehensivo EOQ calculations) Knutson Products Inc is involved in the production of airplane parts and has the following inventory carrying and storage costs 1 Orders must be placed in round lots of 100 units 2 Annual unit usage is 300 000 (Assume a 50-wook year in your calculations) 3 The carrying cost is 30 percent of the purchase price 4 The purchase pnce is 520 por unit 5. The ordering cost is $500 per order 6 The desired safety stock is 4,000 units (This does not include delivery.me stock) 7 The delivery time is 1 wook Given the foregoing information a. Determine the optimal Elevel b. How many orders will be placed annually c. What is the inventory order point (That is, at what level at inventory should a new order be placed?) d. What is the average inventory lovel? e. What would happen to the Eoit annual und sales doubled all other und costs and safety stocks romaning constanty? What is the elasticity of ECO with respect to sales? (That is what is the percentage change in EOQ divided by the percentage change in sales tlf carrying costs doublo, what will appen to the Eo lovor? (Assume the original sotes lovel of 300,000 units) What is the elasticity of Eco with respect to carrying costs? Gilt the ordering costs double, what will happen to the lovel of EOTAN, assume orginal levels of sales and carrying costs) What is the elasticity of EQ with rospect to ordering costs n. If the selling price doubles what will happen to EOQ? What is the elasticity of EOQ with respect to selling price? IT