Question # Problem A You have the following information Purchasing labor rate/hour Receiving labor rate/hour Average time to place an order Average time to check shipments 5 minutes 15 minutes If these were the only costs incurred in placing an order for ricotta cheese at a cheesecake manufacturing company, what would the cost per order be? Problem B Emory Industries manufactures wooden side tables. They purchase lumber in board feet (BF) a. Calculate the holding cost per BF per year given the following information Annual insurance Spoilage cost Average number of board feet of lumber on hand 1,200 (based on average inventory value) 200 500 b. The company wants to include the opportunity cost of having cash tied up in inventory. The cost per board foot is $8. If the company's annual interest rate is 6%, how much should they add to the annual holding cost calculated in a