Use the following scenario and data for all questionsDemand for a specific design of dinning sets has been fairly large in the past several years and Statewide Furnishings, Inc. usually orders new dinning sets 10 times a year. It is estimated that the ordering cost is $400 per order. The carrying cost is $50 per unit per year. Furthermore, State Wide Furnishings, Inc. has estimated that the stock out cost is $120 per unit per year. Based on forecast, the annual demand is 600 units. State Wide Furnishings, Inc. has 350 working days in a year and its lead time is 14 working days. Assume the inventory policy of Statewide Furnishings, Inc. does not allow stock out. Determine the economic order quantity. Assume shortage is allowed and the store manager is sure that shortages will not become lost sales, determine the maximum allowable shortage.117983424None of the above1 points Assume shortage is allowed and the store manager is sure that shortages will not become lost sales, determine the annual ordering cost.592.821472.012051.284116.11Non e of the above1 points Assume shortage is allowed and the store manager is sure that shortages will not become lost sales, determine the annual holding cost.592.821472.012051.284116.11Non e of the above1 points Assume shortage is allowed and the store manager is sure that shortages will not become lost sales, determine the annual shortage cost.592.821472.012051.284116.11Non e of the above1 points Assume shortage is allowed and the store manager is sure that shortages will not become lost sales, determine the annual total relevant, including ordering, holding and shortage, cost.592.821472.012051.284116.11Non e of the above1 points Assume shortage is allowed and the store manager is sure that shortages will not become lost sales, determine the reorder point.10–103424None of the above