## Answers

Answer)

Annual Cost of Holding = (Holding Cost x Current Order Quantity) / 2

= (4.92 x 279) / 2

= $686.34

**Therefore, annual cost of holding is $686.34**

Annual Setup Cost = (Setup Cost x Annual Demand) / Current Order Quantity

= (120 x 45629) / 279

= $19625.376

**Therefore, annual setup cost is $19625.38**

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