Please review the attached assignment and let me know if my assumption where correct. Also, do you have a view on how question # 4 should be answered.
Create a table showing the total annual cost of each option if annual volume (in thousand pounds) is 50, 200, 500.
Circle the lowest cost at each annual volume
Based only on annual cost, for what range of annual volumes would each option be preferred?
Option 1 at 50,000, Option 2 at 200,000 and Option 3 at 500,000
What factors other than annual cost should be considered when making these decsions?
Please see attached.