(Solved): Pls help me according to production planing rules 1. A component called ZK20 is produced at a rate o ...

1. A component called ZK20 is produced at a rate of 10,000 units per day whereas annual demand is 0.6 million units per year. Assume that there are 250 working days in a year. According to the given cost information answer the following questions. (20 points) (Round your answers to 2 digits). Fixed set up cost for a production run $1500 Variable cost of production (per unit) $3.50 Storage/Handling cost 34% of the variable cost Rules: (Answer only 4 parts based on the following rules.) 1. Part a and b are compulsory for everyone. 2. Part c is for the students whose Student ID number's last digit is 0<x< 4. Part d is for the students whose Student ID number's last digit is 5 <x< 9. 3. Parte is for the students whose Student ID number is even. Part fis for the students whose Student ID number is odd. a. What is the optimal production quantity for this component? b. What is the average annual cost of holding and setup? c. What proportion of each production cycle consists of uptime (production part)? d. What proportion of each production cycle consists of downtime (usage part)? e. If the component sells for $3.90 per unit, what is the annual profit of the company? f. If the component sells for $4.20 per unit, what is the annual profit of the company?