Jan Gentry is the owner of a small company that produces electric scissors used to cut fabric. The annual demand is for 8,000 scissors, and Jan produces the scissors in batches. On average, Jan can produce 150 pairs of scissors per day during the production process. Demand for scissors has been about 40 pairs of scissors per day. The cost to set up the production process is $100, and it costs Jan 30 cents to carry 1 pair of scissors for one year. How many scissors should Jan produce in each batch? also calculate the following:Total Carrying Cost Total Setup Cost Length of a Production

Question

Jan Gentry is the owner of a small company that produces electric scissors used to cut fabric. The annual demand is for 8,000 scissors, and Jan produces the scissors in batches. On average, Jan can produce 150 pairs of scissors per day during the production process. Demand for scissors has been about 40 pairs of scissors per day. The cost to set up the production process is $100, and it costs Jan 30 cents to carry 1 pair of scissors for one year. How many scissors should Jan produce in each batch? 	also calculate the following:Total Carrying Cost   	Total Setup Cost    	Length of a Production