Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility $300$ days per year. It has orders for about $9,000$ flashing lights per year and has the capacity of producing $60$ per day. Setting up the light production costs $$49.$ The holding cost is $$0\mathrm{.}10$ per light per year.

What is the optimal size of the production run?

What is the annual holding cost?

What is the annual setup cost?

What is the total cost per year?