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Excel Online ctivit'y: EDQ The sales of a popular mouthwash at Merkle Pharmacies over the past I5 months have averaged 1,900 cases per month resulting

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Excel Online ctivit'y: EDQ The sales of a popular mouthwash at Merkle Pharmacies over the past I5 months have averaged 1,900 cases per month resulting in 22,800 cases per month, which is the current order quantity. Merkle's cost is $10.00 per case. The company estimates its cost of capital to be 12 percent. Insurance, taxes, breakage, handling, and pilferage are estimated to be approximately 6 percent of item cost. Thus, the annual inventoryholding costs are estimated to be 18 percent of item cost. The cost of placing an order is estimated to be $33.00 per order regardless of the quantity requested in the order. The data has been collected in the Microsoft Excel Dnline le below. ICZIpen the spreadsheet and perform the required analysis to answer the questions below. ICZIpen spreadsheet Questions 1. What is the minimumcost economic order quantity'?I Round your answer to the nearest whole number. E3585 2. What is the annual ordering cost based on the minimumcost economic order quantity? Use the rounded EGQ value in your calculations. Round your answer to the nearest cent. $ 3. What is the annual inventory holding cost based on the minimumcost economic order quantity? Use the rounded EDQ value in your calculations. Round your answer to the nearest cent. $ 4. What is the total annual cost based on the minimum-cost economic order quantity? Use the rounded E0111 value in your calculations. Round your answer to the nearest cent. 5F 5. What are the total cost savings in absolute and relative terms caused by using the minimum-cost economic order quantity instead of the current purchasing policy of Q = 1,900? Use the rounded EDQ 1uralue in your calculations. Round your answer for the absolute cost savings to the nearest cent and answer for relative cost savings to the nearest whole number. EOQ Benet: '35 E00 Benet {%J: "In 5. Choose the correct graph for the cost functions. The correct graph is

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