The fixed and variable costs for three potential manufacturing plant sites for a rattan chair weaver are shown: SiteFixed Cost Per YearVariable Cost per Unit1$600 $11.00 2$1,000 $5.00 3$2,100 $3.00 Part 2a) After rounding to the nearest whole number, site 1 is best below67550067units.Part 3After rounding to the nearest whole number, site 2 is best between67550067and550675500units.Part 4After rounding to the nearest whole number, site 3 is best above550670550units.Part 5b) If the demand is57units, then the best location for the potential manufacturing plant isSITE 1SITE 3SITE 2SITE 1.

Answered: The fixed and variable costs for three…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Part 2

a) After rounding to the nearest whole number, site 1 is best below

550

units.

Part 3

After rounding to the nearest whole number, site 2 is best between

550

and

550

units.

Part 4

After rounding to the nearest whole number, site 3 is best above

550

units.

Part 5

b) If the demand is

units, then the best location for the potential manufacturing plant is

SITE 1

SITE 3

SITE 2

SITE 1

Expert Solution

Step 1

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A Small Introduction about Manufacturing

Manufacturing is the most common way of transforming natural substances or parts into completed merchandise using instruments, human work, hardware, and compound handling.
Manufacturing is indispensable to the economy. Most items were handcrafted utilizing human work and fundamental instruments before the Industrial Revolution.
Manufacturing is a course that spends significant time in how individuals utilize present-day manufacturing frameworks with a prologue to manufacturing innovation and its relationship to society, people, and the climate.
The materials are adjusted during different manufacturing cycles to make the completed item.