How many days is a required production run

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Reference no: EM1390131

Johnson Plastics makes and sells, among many other things, specialty plastic display cases for retail stores. Johnsonâ€^TMs expected demand for the display cases is 1,000 units, and average daily demand is 3 units. The production process is most efficient when 12 units per day are produced at a cost of $119 per unit. Setup cost is $39. Inventory carrying cost at Johnson is determined to be 8 percent annually.

1. What is the best production order quantity?

2. How many days is a required production run?

Reference no: EM1390131

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