QUESTION (2) XXX Ltd carries a wide assortment of luxury teddy bears for its customers. One item, KPS is very popular. In order to keep its stock under control, a decision is taken by management to order only the optimum economic quantity, for this item, each time. You have the following information. Annual demand (units) 288,000 Purchase price per unit $ 800 Carrying/Holding costs per unit $ 24 Cost per order $ 1500 Required: 1. Determine the EOQ using the equation method. Compute the ordering, holding and their total costs 2. Develop the following table by using the Tabular method. No. of orders 1 10 20 30 90 120 Order size Average stock Carrying (Holding) costs Order costs Total costs QUESTION 3 If the selling price per unit is 100$ Required: 1. Prepare the sales budget for the first 4 months (from Jaunary to April)? 2. Prepare production budget for the first 4 months (from Jaunary to April) if you know that the ending inventory is 50% from the following sales' month and opening balance of inventory for January is 12 units?