The Every Day Fabric sells fabrics to a wide range of industrial and consumer users One of the products it carries is denim cloth, used in the manufacture of jeans and carrying bags. The supplior for the denim cloth pays all incoming freight No incoming inspection of the denim is necessary because the supplier has a track record of delivering high-quality merchandise The purchasing officer of the Every Day Fabric has collected the following information (Click the icon to view the information) Read the requirements Requirement 1. Calculate the EOQ for denim cloth Begin by selecting the formula used to calculate EQQ (D-Demand in units for one year, Ps Ordering cost per purchase order, C Carrying cost of one unit in stock, Q=Any order quantity) (Round the denominator to the nearest cent) The EOQ for denim cloth is yards Data table: Requirement 2. Calculate the number of orders that will be placed each year. Determine the formula used to calculate the number of orders that will be placed each year, the Annual demand for denim cloth Number of orders Ordering cost per purchase order 37,500 yards $150 orders per year Requirement 3. Calculate the reorder point for denim cloth Determine the formula used to calculate the reorder point for denim cloth, then calculate the red Reorder point yards Carrying cost per year Safety-stock requirements Cost of denim cloth 30% of purchase costs None $6 per yard The purchasing lead time is 2 weeks. The Every Day Fabric is open 250 days a year (50 weeks for 5 days a week) Print Done