Assignment:
ABC Co. Can manufactures a subcomponent at the rate of 700 per day when required. Its annual demand for this item is 80000 units. Assume 250 working days per year. Holding cost is 20$ per unit year. Set-up cost is 1000 per set up Find:
- What percentage of time during the year will this item be produced.
- What is the annual cost for ordering and holding inventory.
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.