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Please solve questions below 7. A toy manufacturer uses 56,000 rubber wheels per year for its popular dump truck series. The rm makes its own

Please solve questions below

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7. A toy manufacturer uses 56,000 rubber wheels per year for its popular dump truck series. The rm makes its own Wheels, which it can produce at a rate of 8,800 per day. The toy trucks are assembled uniformly over the entire year. Carrying cost is $ 6 per Wheel a year. Setup. cost for a production run of Wheels is $50. The rm operates 300 gag per year. Determine each of the following: a. optimal run size A 4 marks each) b. Minimum total cost for carrying and setup (3. Cycle time for the optimal run size d. Run time

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