Honeywell Bakery buys teff flour for use in its gluten-free baked goods production at $4 per lb with an order cost of $15 and a lead time of 4 weeks. The flour is needed throughout the entire 52-week year, with an annual demand of 1,250 lbs. Honeywell’s holding cost for teff flour is 90% of the item cost and they keep a safety stock of 55 lbs. (Note: 1 lbs 16 oz) a) Compute the optimal order quantity. (5 points) b) Compute the optimal order quantity if the price of teff flour changes to $10 per lb. Is this order
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