Please answer all requirements.

ACC319 Cost Accounting 2020 Fall Joseph Daly : 12/03/20 2:04 PM Homework: Chapter 20 Homework Save Score: 0 of 25 pts 4 of 4 (0 complete) HW Score: 0%, 0 of 100 pts E20-23 (similar to) A Question Help The Fabric Fair sells fabrics to a wide range of industrial and consumer users. One of the products it carries is denim cloth, used in the manufacture of jeans and carrying bags. The supplier for the denim cloth pays all incoming freight. No incoming inspection of the denim is necessary because the supplier has a track record of delivering high-quality merchandise. The purchasing officer of the Fabric Fair has collected the following information: (Click the icon to view the information.) Read the requirements Requirement 1. Calculate the EOQ for denim cloth. Begin by selecting the formula used to calculate EOQ. (D = Demand in units for one year, P = Ordering cost per purchase order, C = Carrying cost of one unit in stock, Q = Any order quantity.) Data Table - X A Requirements - X Annual demand for denim cloth Ordering cost per purchase order Carrying cost per year Safety-stock requirements Cost of denim cloth 26,100 yards $145 10% of purchase costs None $16 per yard 1. Calculate the EOQ for denim cloth. 2. Calculate the number of orders that will be placed each year. 3. Calculate the reorder point for denim cloth. The purchasing lead time is 2 weeks. The Fabric Fair is open 225 days a year (45 weeks for 5 days a week). Print Done Print Done Click to select your answer(s) and then click Check