A product used in a laboratory of the hospital costs $60 toorder and its carrying cost per item per week is one cent. Demandfor the item is six hundred units weekly. The lead time is threeweeks and the purchase price is $0.60.a. What is the economic order quantity for this item?b. What is the length of the order cycle?c. Calculate the total weekly costs.d. What is the investment cost for this item?e. If ordering costs increase by 50 percent how would that affectEOQ?f. What would be the reorder point for this item if no safety stockwere kept?g. What would be the reorder point if one thousand units were keptas safety stock?