Metters Cabinets, Inc., needs to choose a production method for its new office shelf, the… 1 answer below »

Metters Cabinets, Inc., needs to choose a production method for its new office shelf, the Maxistand. To help accomplish this, the firm has gathered the following production cost data:

Metters Cabinets projects an annual demand of 24,000 units for the Maxi stand. The Maxi stand will sell for $120 per unit.

a) Which process type will maximize the annual profit from producing the Maxi stand?

b) What is the value of this annual profit?