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(1) What is the reorder panint? Question 3= Tays Manufartaring (20) Minks) of toy praduction entwiprises. The company makes retiate comtral fert seyp whe otatnpury operates its production facility 300 days per yeir, it las orders for wbent 12 boti ramete contral per year and can protuce 100 per diry fietting up the production tine casts 3 ge The cost of each remote control is $1. The loolding cost is 10,10 per lipht per year. a) What is the optimal size of the production run? b) What is the average holdings cost per year? e) What is the average setup cost per year? (i) Compute the maximum level of inventory, e) What is the total cost per year, including the cost of the remote control? Question 4 - Grocery Store (25 Marks) Food Basics is a grocery banner in over 142 stores across Ontario. Since 1995, Food Basics has continued to save our customers money on all of their grocery needs to give them "Always More for Less". Assume the stores are open 350 days a year and use 200 large gallons of hand sanitizer daily. The cost of placing an order $40, and the annual inventory holding cost is 20% of the unit price. The service manager just received the unit prices for different order quantity levels. a) Compute the optimal order quantity. b) At the optimum order quantity, compute the total inventory cost, including the cos of buying the material, ordering cost, and holding cost