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

A toy manufacturer uses 47,600 rubber wheels per year for its popular dump truck series. The firm makes its own wheels, which it can produce at a rate of 900 per day. The toy trucks are assembled uniformly over the entire year. Carrying cost is $1.20 per wheel per year. Setup cost for a production run is $40. The firm operates 238 days per year. Determine the following:
a. Optimal run size (Round your answer to a whole number, following normal rules of rounding.)
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.)
c. Cycle time for the optimal run size (Round your answer to two decimal points.)
d. Run time (Round your answer to two decimal points.)

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