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Iron Hill Pallet Company produces hardwood mulch by grinding used pallets. The company's grinder can produce 15 cubic yards of mulch per hour and operates

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Iron Hill Pallet Company produces hardwood mulch by grinding used pallets. The company's grinder can produce 15 cubic yards of mulch per hour and operates the grinder 24 hours per day for 250 days per year. The annual demand for mulch is 42,000 cubic yards. It costs Iron Hill $200 to setup the grinder for production. It costs iron hill $20 to produce a cubic yard of mulch, and they use a factor of 15% to calculate the inventory holding cost. Calculate the economic production quantity for mulch. Plainwell Polymers is going to producing the main dashboard structure for a new car design. The dashboard will be produced in three colors with expected daily demand as follows: Black: 540 units/day Grey: 150 units/day Tan: 200 units/day The injection-molding machine can produce a total of 1,190 parts per day. What is the utilization of machine from these three parts expressed as a percentage (e.g. 66 not 0.66)

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