- Arthur Meiners Is The Production Manager Of Wheel Rite A Small Producer Of Metal Parts Wheel Rite Supplies Cal Tex A 1 (54.81 KiB) Viewed 35 times
Arthur Meiners is the production manager of Wheel-Rite, a small producer of metal parts. Wheel-Rite supplies Cal-Tex, a larger assembly company. with 11.200 wheel bearings each year. This order has been stable for some time. Setup cost for Wheel-Rite is $41, and holding cost is $0.80 per wheel bearing per year. Wheel-Rite can produce 540 wheel bearings per day. Cal-Tex is a just-in-time manufacturer and requires that 48 bearings be shipped to it each business day a) What is the optimum production quantity units (round your response to the nearest whale number). b) What is the maximum number of wheel bearings that will be in inventory at Whee-Rite? units (round your response to the nearest whole number) e) How many production runs of wheel bearings will Wheel-Rite have in a year? runs (round your response to two decimal places) d) What is the total setup plus holding cost for Wheel-Rite? $ (round your response to two decimal placea). d)