step by step process? with 7.1 & 7.2

Problems Note: Px means the problem may be solved with Problems 7.1-7.12 relate to Four Process Strategies 7.1 Borges Machine Shop, Inc., has a 1-year contract for the production of 200,000 gear housings for a new off-road vehicle. Owner Luis Borges hopes the contract will be extended and the volume increased next year. Borges has developed costs for three alternatives. They are general-purpose equipment (GPE), flexible manufacturing system (FMS), and expensive, but efficient, dedicated machine (DM). The cost data follow: GENERAL PURPOSE FLEXIBLE DEDICATED EQUIPMENT MANUFACTURING MACHINE (GPE) SYSTEM (FMS) (DM) Annual contracted 200,000 200,000 200,000 units Annual fixed cost $100,000 $200,000 $500,000 Per unit variable cost $ 15.00 $ 14.00 $13.00 Which process is best for this contract? PX Problems Note: Px means the problem may be solved with P Problems 7.1-7.12 relate to Four Process Strategies 7.1 Borges Machine Shop, Inc., has a 1-year contract for the production of 200,000 gear housings for a new off-road vehicle. Owner Luis Borges hopes the contract will be extended and the volume increased next year. Borges has developed costs for three alternatives. They are general-purpose equipment (GPE), flexible manufacturing system (FMS), and expensive, but efficient, dedicated machine (DM). The cost data follow: GENERAL- PURPOSE FLEXIBLE DEDICATED EQUIPMENT MANUFACTURING MACHINE (GPE) SYSTEM (FMS) (DM) Annual contracted 200,000 200,000 200,000 units Annual fixed cost $100,000 $200,000 $500,000 Per unit variable cost $ 15.00 $ 14.00 $ 13.00 Which process is best for this contract? PX 7.2 Using the data in Problem 7.1, determine the most economical volume for each process. PX