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Please, answer question i, ii, iii i) A manufacturing firm is able to produce a certain component by either a die casting process or a
Please, answer question i, ii, iii
i) A manufacturing firm is able to produce a certain component by either a die casting process or a machining operation. Given the information in Table 2, which of these processes would be more economical for the manufacture of 6,000 such items? (Illustrate your answer by showing the total production costs for 6,000 items, for each process: the general overheads includes machine depreciation). (12 marks) Table 2 ii) What is the minimum number of components that must be produced before the die casting process is more economical? (4 marks) (iii) If the selling price is $1.80 per item, what is the profit made if 10,000 items wer oldStep by Step Solution
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