UpTown Mfg. custom manufactures machine parts used by other companies. The following data relate to production of

Question:

UpTown Mfg. custom manufactures machine parts used by other companies. The following data relate to production of Part #33:
Annual quantity produced in units ........ 3,600
Cost of setting up a production run ........ $600
Cost of carrying one unit in stock for a year ...... $2
Calculate the economic production run for Part #23.