Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare

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Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare for a reduced lot size. The firm uses a work year of 305 days.

Annual demand for steering wheels.........30,500

Daily demand ................ 100

Daily production (8 hours) ........... 800

Desired lot size (2 hours of production) ........ 200

Holding cost per unit per year ........... $10

(a) What is the setup cost, based on the desired lot size?

(b) What is the setup time, based on $40 per hour setup labor?

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Operations management

ISBN: 978-0132163927

10th edition

Authors: Jay Heizer, Barry Render

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Question Posted: Jul 23, 2013 02:38 AM

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Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare

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Operations management

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