Ordering and Carrying Costs Ottis, Inc., uses 683,910 plastic housing units each year in its production of paper shredders. The cost of placing an order is $29. The cost of holding one unit of inventory for one year is $20. Currently, Ottis places 149 orders of 4,590 plastic housing units per year. Required: 1. Compute the annual ordering cost. $fill in the blank 1 2. Compute the annual carrying cost. $fill in the blank 2 3. Compute the cost of Ottis’s current inventory policy. $fill in the blank 3 Is this the minimum cost?

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Required information [The following information applies to the questions displayed below.] Iguana, Incorporated, manufactures bamboo picture frames that sell for $25 each. Each frame requires 4 linear feet of bamboo, which costs $2.00 per foot. Each frame takes approximately 30 minutes to build, and the labor rate averages $13 per hour. Iguana has the following inventory policies: ⚫ Ending finished goods inventory should be 40 percent of next month's sales. • Ending direct materials inventory should be 30 percent of next month's production. Expected unit sales (frames) for the upcoming months follow: March April May June July August 310 320 370 470 445 495 Variable manufacturing overhead is incurred at a rate of $0.50 per unit produced. Annual fixed manufacturing overhead is estimated to be $4,800 ($400 per month) for expected production of 4,800 units for the year. Selling and administrative expenses are estimated at $500 per month plus $0.50 per unit sold. Iguana, Incorporated, had…