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M11.4 Sylva Community Hospital orders latex sanitary gloves from a hospital supply firm. The hospital expects to use 50,000 pairs of gloves per year. The

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M11.4 Sylva Community Hospital orders latex sanitary gloves from a hospital supply firm. The hospital expects to use 50,000 pairs of gloves per year. The cost to order to place an order is $95. The annual carrying cost is 18%/year. The hospital supply firm offers the following quantity discount schedule ORDER QUANTITY UNIT PRICE 0 - 9,999 $1.34 10,000 - 19,999 1.32 20,000 - 29,999 1.30 30,000 - 39,999 1.28 40,000 -49,999 1.26 a) What is the EOQ when the unit price is $1.34? b) What is the total cost (holding + purchase+ ordering) when purchasing from the supplier where the unit price is $1.32? c) What is the total cost (holding + purchase+ ordering) when purchasing from the supplier where the unit price is $1.30? d) What is the total cost (holding + purchase+ ordering) when purchasing from the supplier where the unit price is $1.28? e) What is the total cost (holding + purchase+ ordering) when purchasing from the supplier where the unit price is $1.26? f) Based on the total costs, what quantity should be ordered from the supplier when placing an order

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