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Question 3 - Toys Manutacturish (20 Marks) I Star Toys Ce,Lil, lonown as the Capital of Teys, is a coliection of Agkd, production and sales
Question 3 - Toys Manutacturish (20 Marks) I Star Toys Ce,Lil, lonown as the Capital of Teys, is a coliection of Agkd, production and sales of toy production enterprises. The company maken remote control for toys. The company eperates its production facility 300 days per year. It has orders for about 12,000 remote control per year and can produce 100 per day. Setting up the production line costs 550 . The cost of each remote control is $1. The holding cost is 40.10 per light per year. a) What is the optimal size of the production run? b) What is the average holding cost per year? c) What is the average setup cost per year? d) Compute the maximum level of inventory. e) What is the total cost per year, including the cost of the remote control
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