A manufacturer uses 1000 items uniformly throughout the year. The cost to produce the items in-house is $40 for set-up and $5.20 per item. Insurance and taxes are estimated as 12% of average inventory, and it costs $0.80 to store each unit for one complete year. How many of these items should the manufacturer produce at a time?

What special procedures should be used to control the most expensive and most frequently used products in inventory?  Give one example of a product in your response.

Please do not give solution in image format thanku Suppose 66 items are stored in the current warehouse (A+B+C), first 7 items are A item. 28% of the items account for 80% of the sales volume.  The total sales of all 66 items is $7,000 per year. What is the new revenue in % can be expected from A item only

Kaniri Global Imports (a retail store) sells artisan greeting cards. The owners search for localartists from around the world from whom to buy their greeting card inventory. The followinginformation is available to you for this problem:Demand/Sales = 110 cases of cards per yearOrdering or Setup Cost = $25 per orderCarrying Charge = 18% per yearUnit Cost = $150 per caseAnswer the following questions and be sure to show your computations. You can use whateversymbol you need for square root, if typing in Word.1. How many cases should be ordered at a time? (This number will be the EOQ). Computeto two decimal places. In reality they would round, but for this problem keep the twodecimal places.2. How many times should Kaniri order in a year? Do not answer in terms of how manydays or months, but rather how many times per year. Round your answer up to the nexthighest whole number.3. Answer all three:a. What is the annual cost of ordering the cards?b. What is the annual cost of carrying the…