please give correct and complete answer with complete explanation

Ln Blayney Scott and hrs Wife Almcdu started small company Victoria, British Colurnbta. Canada that pioneered the use Of plastics in the manufacturing ofmarinc products. Scotty Manufacturing has evolved to produce thousands Of products under the Scotty Tradcrnark which are sold into the fishing, marine, outdoor and firefighting industries worldvhcle TO manage production costs, Scotty is considering implementing a JIT production system. The followmg are the estimated costs and benefits of JIT production: Annual additional tooling costs would be S600.OOO Annual inventory would declme by 50 percent front the cunent level ofS4,OOO.OOO Insurance, material handling. and set-up costs Which currently total annually would Rework would be reduced by 30 percent, Scotty cutrently incus SFOO.OOO in annual rework costs. Improved product quality undet JIT production would enmblr Scotty to raise the mice of its products by S6 Scotty sells 100.000 Units per year Scorn's requited rate of return 10 petcent year Required; Submit your written answers frorn the multt-chotce question hele for Scotty Manufacturing. The cortectly written mulnchoiee response is tvor'h 7 marks To manage production costs. Scotty Manufacturing is considering implementing a JIT production system. Required: What are the total relevant Costs under Current production system? (8 marks - 1 mark for correct mufti-choice answer and 7 other marks for showing correct work in the workspace question provided - pick correct multi-choice answer below and then add any work to Scotty Manufacturing's an5werworkspace question). 31.300.OOO $2.800.ooo S6.OOO.OOO None oi the other answers $1_d00.ooo