5. Below is the Operations Process Plan for Making a 1,000 pound batch of offset printing ink. A) Given the values for lot hours and productive hourly cost (PHC) find the batch cost for each operation and the cost per pound produced. Find the total lot cost and the total unit PHC unit cost. B) Since PHC only takes into account the cost of labor and machine time, we must add in the material costs to get the total cost per pound. Material cost per pound is $1.46. Find the unit cost for material, labor, and equip ment. C) If the labor rate for setup is $18.00 per hour, what is the total cost to produce the 1,000lb. batch? 5. Below is the Operations Process Plan for Making a 1,000 pound batch of offset printing ink. A) Given the values for lot hours and productive hourly cost (PHC) find the batch cost for each operation and the cost per pound produced. Find the total lot cost and the total unit PHC unit cost. B) Since PHC only takes into account the cost of labor and machine time, we must add in the material costs to get the total cost per pound. Material cost per pound is $1.46. Find the unit cost for material, labor, and equip ment. C) If the labor rate for setup is $18.00 per hour, what is the total cost to produce the 1,000lb. batch