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 12,500 flashing lights per year and have the capability of producing 100 per day. Setting up the light production costs of $51. The cost of each light is $1.05. The holding cost is $0.10 per light per year. What is the optimal size of the production run?What average holding cost per year? -What is the average setup cost per year? What is the total cost per year, including cost of the lights?
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Radovilsky Manufacturing Company , in Hayward, California, makes flashing lights for toys. The compa...
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