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A toy manufacturer uses 5 0 , 6 1 0 rubber wheels per year for its popular dump truck series. The firm makes its own

A toy manufacturer uses 50,610 rubber wheels per year for its popular dump truck series. The firm makes its own wheels, which it c produce at a rate of 800 per day. The toy trucks are assembled uniformly over the entire year. Carrying cost is $1.00 per wheel per year. Setup cost for a production run is $45. The firm operates 241 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 Annual Inventory Cost
c. Cycle time for the optimal run size (Round your answer to two decimal points.)
Cycle Time
Run time (Round your answer to two decimal points.)
Run Time
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