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A company makes hair dryers. It buys some components but makes the heating element which it can produce at the rate of 8 7 2
A company makes hair dryers. It buys some components but makes the heating element which it can produce at the rate of per day.
Dryers are assembled every day, days per year, at the rate of per day.
Because of the disparity between the production and usage rates, the heating elements are periodically produced in batches of units.
Assuming the setup cost per element is $ the holding cost per element is $ and batch sizes are as given, what is the total cost to produce these elements? Round to the nearest dollar
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