Fiber Technology, Inc., manufactures glass fibers used in the communications industry. The company's materials and parts manager is currently revising the inventory policy for XL-20, one of the chemicals used in the production process. The chemical is purchased in 10-pound canisters for $95 each. The firm uses 4,800 canisters per year. The controller estimates that it costs $150 to place and receive a typical order of XL-20. The annual cost of storing XL-20 is $4 per canister. Required: 1. Prepare a table showing the total annual cost of ordering and storing XL-20 for each of the following order quantities: 400,600 , and 800 canisters. 2. What are the weaknesses in the tabular approach? Fiber Technology, Inc., manufactures glass fibers used in the communications industry. The company's materials and parts manager is currently revising the inventory policy for XL-20, one of the chemicals used in the production process. The chemical is purchased in 10-pound canisters for $95 each. The firm uses 4,800 canisters per year. The controller estimates that it costs $150 to place and receive a typical order of XL-20. The annual cost of storing XL-20 is $4 per canister. Required: 1. Prepare a table showing the total annual cost of ordering and storing XL-20 for each of the following order quantities: 400,600 , and 800 canisters. 2. What are the weaknesses in the tabular approach