Solve the below problem:
Q: Speaker Kits. Inc. uses 12 inch speaker as a component to prod= a Goal product. Ibis componem's initial inventory is 500 units. Every ordacosts S500 sod every. individual speakersholdingcost is S3 per week. The annual (52 weeks) demand of 12inch speakers is 24.960 units. After receiving SpeakerKits' order. the supplier needs one week to deliver 124nch speakers to Speaker Mts.Thefirst eigh weeks' p ocluttioo schedules' Speaker Kits, as reflected us net requirements for assemblies. is as follows:
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1
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2
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3
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4
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5
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6
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7
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8
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Gross requirement
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0
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200
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200
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SOO
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0
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400
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0
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400
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Projected on-
hand/500
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Net Requirements
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Planned orda receipts
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Planned order releases
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Please a) develop the MRP table; b) calculate the total holding cost and the total ordering cost in the eight-week period, respectively.