Return to question 19 Problem 12-5 (Algo) 1.9 points Garden Variety Flower Shop uses 890 clay pots a month. The pots are

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Return To Question 19 Problem 12 5 Algo 1 9 Points Garden Variety Flower Shop Uses 890 Clay Pots A Month The Pots Are 1 (69.64 KiB) Viewed 39 times

Return to question 19 Problem 12-5 (Algo) 1.9 points Garden Variety Flower Shop uses 890 clay pots a month. The pots are purchased at $3.70 each. Annual carrying costs per pot are estimated to be 50 percent of cost, and ordering costs are $30 per order. The manager has been using an order size of 1,000 flower pots. a.What additional annual cost is the shop incurring by staying with this order size? (Round your optimal order quantity to the nearest whole number. Round all other intermediate calculations and your final answer to 2 decimal places.) Answer is complete but not entirely correct. Additional annual cost $ 1,404.50 X b.Other than cost savings, what benefit would using the optimal order quantity yield (relative to the order size of 1,000)? (Use the rounded order quantity from Part a. Round your final answer to the nearest whole percent.) About % of the storage space would be needed.