Question: 31. A firm wants to develop a level material use schedule based on the following data, what should be the setup cost? Desired lot size

31. A firm wants to develop a level material use

31. A firm wants to develop a level material use schedule based on the following data, what should be the setup cost? Desired lot size 825 units Annual Demand 40,000 units/yr Holding Cost $20 units/yI Daily production rate 320 units/day Working days per year 250 days/yr

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