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MGMT-3150 Drill 2 Fall 2023 Instructions: 1. Be neat and organized. If I can't read it I will give zero credits. (1) Automart company, an auto parts supplier has received an order for 3 types of serpentine belts in the following quantities, Model 1 : 2400 Model 2 : 4500 Model 3 : 5950 Automart has the option of manufacturing the belt in house. The associated costs and required resources are given below Model Setup Cost Cost/unit Raw Materials (Ibs) Labor Hours 1 $285 $3.15 6 0.24 2 $450 $4.25 3.8 0.35 3 $395 $4.05 6.9 0.3 Auotmart has 8000 pounds of raw material and 5000 labor hours available. Alternately, Automart can choose to use a third party supplier to obtain the belts at the following costs Model 1 : $4.10 Model 2 : $4.95 Model 3: $ 4.75 The total number of belts purchased from the third party supplier must not exceed 75% of the total number of belts made in house. Formulate a model that will minimize cost for Automart Company