The Talbot Company uses electrical assemblies to produce an array of small appliances. One of its high cost/high volume assemblies, the XO-01, has an estimated annual demand of 8,000 units, Talbot estimates the cost to place an order is $50, and the holding cost for each assembly is $20 per year. The company operates 250 days per year. Following the EOQ in the last question, what is the total inventory cost for Talbot Company? Multiple Choice $2,000 $4,000 $5,000 $8,000 With regard to suppliers, lean systems typically require Multiple Choice delivery of large lots at regular intervals. buyer inspection of goods a and materials. multiple sources from which to purchase. long-term relationships and commitments. the lowest price possible. The Burdell Wheel and Tire Company assembles tires to wheel rims for use on cars during the manufacturing of vehicles. Burdell wants to locate a low- cost supplier for the tires he uses in his assembly operation. The supplier will be selected based on the total annual cost to supply Burdell's needs. Burdell's annual requirements are for 25,000 tires, and the company operates 250 days a year. The following data are available for two suppliers being considered. SUPPLIER SHIPPING QUANTITY PER ANNUAL KS TIRE SHIPMENT 2,000 SHIPPING COSTS $18,000 PRICE/ TIRE (p) INVENTORY HOLD COSTS 00 LEAD TIME ADMIN DAYS) COSTS MO AUTO 1,000 $25,000 $30 $29 $6.00 6 $15,000 $5.80 4 $18,000 What are the total annual costs if KS Tire is the supplier selected? Multiple Choice $791,600 $792,600 O $772,320 $769,320