Use the following to answer questions 1520 : Alotta Regrets is the purchasing manager for Missed Steaks, a small chain of restaurants. In order to meet customer demand, Alotta orders angus beef in lot sizes of 10 units (each unit is a side of beef). The average annual demand for sides of beef is 720 units per year. Ordering costs are $40 per order with an average purchasing price of $100. Annual inventory carrying costs are estimated to be 25% of the unit cost. Alotta is considering the economic-order-quantity model and is trying to determine the following: Required: C2AP(10025y2)272040=48 10. Determine the economic order quantity - round to the nearest whole number. 11. How many orders does Alotta make per year using the current order size of 10 ? 720/10=(15)orderingcostform 12. What is the current total relevant ordering cost for Missed Steaks? 4015=600. 13. Calculate annual ordering costs, using the EOQ model. 14. Using the EOQ model, the relevant carrying cost would be what amount? 481 15. What additional cost is being incurred on an annual basis, since Alotta currently orders in sizes of 10 units