The bike shop estimated that they will require 1700 bicycle bags over and other costs estimated to the next year. Administrative an order associated with placing an be 54 per order. The Bike rate of 10 % of the purchase year for calculating inventory holding are Shop uses price per a Costs The Bike Shop's supplier to Price encourages its Customers order in large quantities by offering break Volume. Hence, the price per on bag depends Oh the Order Size 0-199 200-399 + 400 order quantity as follows: Price Per Bag 35 33 3030 a) Determine the optimal order quantity based Oh the above information b) De termine the Reorder Point On average how many orders orders Should the firm place? per year? place per year? d) What is e) the S annual cost of processing the purchasing orders (order costing)? Calculate to bal annual Cost (TC)