solutions are to be made manually (not software based )

2. Radovilsky Manufacturing Company, in Hayward, Califo cturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facil company operates its production facility 100 days per year. It has orders for about 12,000 flashing lights per year and has the ca o flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $50. The cost of each nt production costs $50. The cost of each light is $1. The holding cost is $0.10 per light per year. - a. What is the optimal size of the production run? (10 points) b. What is the average holding cost per year? (5 points) c. What is the average setup cost per year? (5 points) Cs Scanned with Cam SWhat is the total cost per year, including the cost of the lights? (5 points)