Dan Bumblauskas is the owner of a small Iowa company that produces electric knives used to cut fabric. The annual demand is for 10 comma 500 knives, and Dan produces the knives in batches. On average, Dan can produce 190 knives per day; during the production process, demand has been about 70 knives per day. The cost to set up the production process is $85, and it costs Dan $1.10 to carry a knife for 1 year. How many knives should Dan produce in each batch?

1,012.36 knives produced in each month

Explanation:

Data provided in the question

Annual demand = 10,500

Ordering cost = $85

Holding cost = $1.10

Daily demand = 70 knives per day

Production knives per day = 190 knives

Based on the given information, we need to apply the formula which is shown below:

= 1,012.36 knives produced in each month

We simply applied the above formula to find out the knives produced in each batch

answer: most likely c

explanation:

answer; operating revenues;