RedSweet Sdn Bhd produces custom made cupcakes for their customer. The manager is concern about the rise in the price of flour and wishes to set new stock control levels. He has provided you with the following information for the year 2021. Annual demand 75,000 cupcakes Each cupcake requires 0.05 kg of flour Ordering cost RM 4 per kg Holding cost RM1.20 per kg Reorder period 2 days to 4 days Material usage 50 kg to 130 kg Re-order quantity is 707 kg Calculate the following: Reorder Level Minimum Stock Level Maximum Stock Level Average Stock Level iii. iv. (8 marks) 2. Simple Printing Sdn Bhd is a printing company. The company consumes 46,000 liters of ink every month. The cost of storing the ink is RM4.50 per liter per annum. The ordering cost is RM120 per order Required: ii. iii. iv. Calculate the company's Economic Order Quantity using equation method. Calculate total ordering for the ink. Calculate total storage for the ink. Calculate total cost for the ink.