The setup cost to make carpets is $20 per setup. The holding cost is $1.75 per yard per year, and the annual demand is 12,000 yards of carpet per year. The manufacturing facility operates 300 days, and 120 yards of the carpet are produced per day. In this example, ______.
a. the daily demand rate is 12,000/365
b. the daily demand rate is 12,000/300
c. the daily production rate is 12,000/300
d. the daily production rate is 12,000/300
b. the daily demand rate is 12,000/300
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