Name: Manish QANT 510 Mo 4 fall 23 Avarite Question 4 10 marks --- Virat is the production manager of WheelRite, a small producer of metal parts. Wheel-Rite supplies CalTex, a larger assembly company, with 15,000 wheel bearings each year. This order has been stable for some time. Setup cost for Wheel-Rite is $150, and holding cost is $1.60 per wheel bearing per year. Wheel-Rite can produce 900 wheel bearings per day.. WheelRite is open for 200 days a year. a) What is the optimum production quantity? b) What is the maximum number of wheel bearings that will be in inventory at Wheel-Rite? c) How many production runs of wheel bearings will Wheel-Rite have in a year? d) What is the total setup and holding cost for Wheel-Rite?