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Question 25 (3 points) A cake factory can produce cakes at the rate of 560 per day. The factory supplies its cakes to local grocery

image text in transcribed Question 25 (3 points) A cake factory can produce cakes at the rate of 560 per day. The factory supplies its cakes to local grocery stores at a rate of 220 per day. The cost to prepare the equipment for producing the cakes is $50 and lead time for setup is 2 days. Annual holding costs are $3.50 per cake. Assume that the factory operates 250 days a year. What is the Total annual inventory Cost? Your

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