Question: * * 7 . 1 4 Metters Cabinets, Inc., needs to choose a production method for its new office shelf, the Maxistand. To help accomplish

**7.14 Metters Cabinets, Inc., needs to choose a production method for its new office shelf, the Maxistand. To help accomplish this, the firm has gathered the following production cost data:
\table[[PROCESS TYPE,ANNUALIZED FIXED COST OF PLANT & EQUIP.,VARIABLE COSTS (PER UNIT)($),],[,LABOR,MATERIAL,ENERGY],[Mass,,,,],[Customization,$1,260,000,30,18,12],[Intermittent,$1,000,000,24,26,20],[Repetitive,$1,625,000,28,15,12],[Continuous,$1,960,000,25,15,10]]
Metters Cabinets projects an annual demand of 24,000 units for the Maxistand. The Maxistand will sell for $120 per unit.
a. Which process type will maximize the annual profit from producing the Maxistand?
b. What is the value of this annual profit? Pxx
 **7.14 Metters Cabinets, Inc., needs to choose a production method for

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