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1 . 3 A car manufacturer in Rosslyn Pretoria produces subcomponents at a rate of 8 0 units per day and uses these subcomponents at

1.3 A car manufacturer in Rosslyn Pretoria produces subcomponents at a rate of 80 units per day and uses these subcomponents at a rate of 12000 units annually. Holding cost is R60 per unit per year, the cost of setting up for production is R100 and the company has a work year of 300 days.
1.3.1 Determine the optimal order quantity. (3)
1.3.2 Determine the average inventory that will be in stock in the company. (2)
1.3.3 Calculate the number of setups that will be made at the company every year. (1)
1.3.4 Calculate the cost of holding inventory. (2)
1.3.5 Calculate the cost of setting up for production

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