Mgmf2 1 A small business company is considering updating the current production line There are two p

HIRE QUALIFIED ACADEMIC WRITERS 

Mgmf2 1 A small business company is considering updating the currentproduction line There are two plans For plan A, the fixed cost will be$35,000 and the variable cost will be $25 per unit after the update Forplan B, the fixed costs will be $45,000 and the variable cost will be $23per unit after the update Please answer the following questions:(a) Suppose the selling price is $35, what is the break-even volume foreach plan? Which plan has a lower break-even volume?(b) Suppose the selling price is $35 Also, the company aims to achieve aprofit of $5,000 after the update What selling volume will be required toachieve the profit for each plan? Which plan has a lower volume? 2 A service garage uses 1600 boxes of cleaning cloths a year Orderingcost is $30 and holding cost is $06 on an annual basis Please computethe following tasks using EOQ model(a) The economic order quantity based on EOQ model?(b) The total cost of ordering and carrying(c) Suppose the current order size is 200 What additional annual cost isthe company incurring by staying with the order size 200? 1 3 Demand for walnut fudge ice cream at the Sweet Cream Dairy can beapproximated by a normal distribution with a mean of 23 gallons perweek and a standard deviation of 25 gallons per week The newmanager desires a service level of 90 percent Lead time is two days, andthe dairy is open seven days a week (Hint: Work in terms of weeks)If a fixed-interval model is used, what order size would be needed for the90 percent service level with an order interval of 12 days and a supply of10 gallons on hand at the order time? Extra CreditA grocery shop that makes candles offers a scented candle, which can beproduced at a rate of 36 boxes per day and used 12 boxes per dayAssume that demand is uniform throughout the year and the shop opensfor 360 days Setup cost is $80 for a run, and holding cost is $2 per boxon a yearly basis Please compute the following tasks using EPQ model:(a) The economic run size(b) The maximum inventory(c) The total cost Please type your answer and the steps of computation in a Wordfile (Please DO NOT just write the answer Otherwise you willnot have full credit Show the steps that you solve theproblems Partial credit will be given based on your computation2 steps) Please save the file as “MGMT 335 Final_Your FirstName_Your Last Namedocx” and submit through Canvas Due date: Friday 07/28/2017, 11 PM 3