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A toy manufacturer uses 4 6 , 1 7 0 rubber wheels per year for its popular dump truck series. The firm makes its own

A toy manufacturer uses 46,170 rubber wheels per year for its
popular dump truck series. The firm makes its own wheels, which it
can produce at a rate of700 per day. The toy trucks are
assembled uniformly over the entire year. Carrying cost is $1.50
per wheel per year. Setup cost for a production run is $51. The
firm operates 243 days per year. Determine the following:a.Optimal run size(Round
your answer to a whole number, following normal rules of
rounding.)EPQ:b.Use your final answer from part a to
determine minimum total annual cost for carrying and
setup.(Round your answer to a whole
number.)TOTAL ANUAL INVENTORY COST:c.Cycle time for the optimal run
size(Round your answer to two decimal
points.)CYCLE TIME:

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