Question 22. Part 1-9. Please show step by step for each answer you give. I will give a rating.

1.) What is the daily demand of this product? _____units (round your response as a whole number)

2.) If the company were ti continue to produce 400 units each time production starts, how many days would production continue? _____ days (enter your response as a whole number)

3.) Under the current policy, how many production runs per year would be required? _____ runs (round your response to the nearest whole number)

4.) What would the annual setup cost be? $____ (round your response to the nearest whole number)

5.) If the current policy continues, how many refrigerators would be in inventory when production stops? _____ units (round your response to the nearest whole number)

6.) What woukd the average inventory level be? ____ units (round your response to the nearest whole number)

7.) if the conpany produces 400 refrigerators at a time, what would the total annual setup cost and holding cost be? $_____ (round your response to the nearest whole number)

8.) If Bud Banis wants to minimize the total annual inventory cost, how many refrigerators shoukd be produced in each production run? ____ units (round your response to the nearest whole number)

9.) How much would this save the company in inventory costs compared to the current policy of producing 400 units in each production run? $____ (round your response to the nearest whole number)

Emarpy Appliance is a company that produces all kinds of major appliances. Bud Banis, the president of Emarpy, is concerned about the production policy for the company's best-selling refrigerator. The annual demand for this has been about 7,750 units each year, and this demand has been constant throughout the year. The production capacity is 200 units per day. Each time production starts, it costs the company $110 to move materials into place, reset the assembly line, and clean the equipment. The holding cost of a refrigerator is $51 per year. The current production plan calls for 400 refrigerators to be produced in each production run. Assume there are 250 working days per year. a) What is the daily demand of this product? units (enter your response as a whole number)