Question 5 The caterer mentioned in Question 4, manufactures frozen meals in batches. The annual demand for this product equals 160,000 units. Their sales are spread evenly over the year. The annual carrying costs per product are 4. The set up costs are 200 per batch. a. Calculate the annual carrying and set up costs for ordering quantities of 3000 and 4000 units. b. Calculate the total of set up costs and carrying costs for ordering quantities of 3000 and 4000 units C. Calculate the Economic Order Quantity