Question: b. Use your final answer from part a to determine minimum total annual cost for carrying and setup. (Round your answer to a whole number.)

b. Use your final answer from part a to determine

b. Use your final answer from part a to determine minimum total annual cost for carrying and setup. (Round your answer to a whole number.) X Answer is complete but not entirely correct. Total Annual Inventory Cost $ 1,963 X c. Cycle time for the optimal run size (Round your answer to two decimal points.) Cycle Time d. Run time (Round your answer to two decimal points.) Run Time A toy manufacturer uses 49,770 rubber wheels per year for its popular dump truck series. The firm makes its own wheels, which it can produce at a rate of 1,000 per day. The toy trucks are assembled uniformly over the entire year. Carrying cost is $1.60 per wheel per year. Setup cost for a production run is $40. The firm operates 237 days per year. Determine the following: a. Optimal run size (Round your answer to a whole number, following normal rules of rounding.)

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