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The first 3 inputs are correct. Please help with the last 2 questions. JL . 5 3 Bob's Bumpers has a repetitive manufacturing facility in

The first 3 inputs are correct. Please help with the last 2 questions. JL.53 Bob's Bumpers has a repetitive manufacturing facility in Kentucky that makes automobile bumpers and other auto body parts. The facility operates
280 days per year and has annual demand of 58,000 bumpers. They can produce up to 415 bumpers each day. It costs $90 to set up the production line to
produce bumpers. The cost of each bumper is $148 and annual holding costs are $36 per unit. Sefup labor cost is $26 per hour.
What is the optimal size of the production run for bumpers? (Display your answer to the nearest whole number.)
Based on your answer to the previous question, and assuming the manufacturer holds no safety stock, what would be the average inventory for these
bumpers? (Display your answer to the nearest whole number.)
Based on your answer two questions back, how many production runs will be required each year to satisfy demand? HINT: As a general rule, whenever
calculating a value that is based on previous calculations in Excel, always be sure to use cell references rather than a rounded value as a calculation input.
(Display your answer to the appropriate whole number.)
Suppose the customer (an auto manufacturer) wants to purchase in lots of 410 and that Bob's Bumpers is able to reduce setup costs to the point where 410
is now the optimal production run quantity. How much will they save in annual holding costs with this new lower production quantity? (Display your answer to
two decimal places.)
How much will they save in annual setup casts with this new lower production quantity? (Display your answer to two decimal places.)
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