Radovilsky Manufacturing Company, in Hayward. California. makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders fo about 12,000 flashing lights per year and hasthe capability of producing 100 per day. Setting up the light production costs $50. The cost of each light is $1 The holding cost is $0.10 per light per year.
1. How many production runs will there be per year?
2. What is the length of each production run?
3. What percentage of time will the facility be producing light bulbs?