kmarks Profiles Tab \\Mndow Help CH 9 Gradepuiz ' ' M.726207¢erwin=yes Chanel McCray 11/09/22 3:57 PM This quiz: 20 point(s) @ . possible Question 2 0f 2 This question: 10 point(s) possible Submit quiz Wood County Hospital consumes 1,500 boxes of bandages per week. The price of bandages is $32 per box, and the IQ- hospital operates 52 weeks per year. The cost of processing an order is $12, and the cost of holding one box for a year is 20 percent of the value of the material. a. The hospital orders bandages in lot sizes of 800 boxes. What extra cost does the hospital incur, which it could save by using the EOQ method? $-. (Enter your response rounded to two decimal places.) b. Demand is normally distributed, with a standard deviation of weekly demand of 150 boxes. The lead time is 3 weeks. Refer to the standard normal table for zvalues. What safety stock is necessary if the hospital uses a continuous review system and a 98 percent cycle-service level is desired? 675 boxes. (Enter your response rounded to the nearest whole number.) What should be the reorder point? 3273 boxes. (Enter your response rounded to the nearest whole number.) c. If the hospital uses a periodic review system, with P 3 weeks, whats hould be the target inventory level, T? D boxes. (Enter your response rounded to the nearest whole number.) (9 Time Limit: 01:30:00 Submit quiz A..__...IA')