Problem Solving (8 Marks): Inventory Control (CLO3) Noisy Company makes three products: QUIET, LOUD, and DEAFENING. (a) The EOQ for QUIET is 400 units which is equal to half of the annual demand. The ordering cost is estimated to be $200 per order. What is the holding cost per unit? For full credit, make sure your answer includes the appropriate unit of measure (2 Marks) (b) Your boss informs you that demand for LOUD is going to double next year, so you should plan on doubling your EOQ quantity for LOUD. You claim that doubling the EOQ quantity isn't correct. Who is right? Justify your answer. If you claim that doubling isn't correct, what will the change be? (2 Marks) (c) The demand for DEAFENING is 4,800 units per year and occurs evenly throughout the months of the year. The holding cost is $1.25/unit/year based on average inventory. The ordering cost is $750 per order. What is the total annual order strategy cost if orders are placed monthly? Order strategy cost is the sum of annual ordering cost and annual holding cost (2 Marks) (d) If you switch to EOQ ordering for DEAFENING, what will be the order quantity and the resulting order strategy cost? (2 Marks)