Question: A firm wants to develop a level material use schedule based on the following data. What should be the setup cost? Desired lot size: 50

A firm wants to develop a level material use schedule based on the following data. What should be the setup cost? Desired lot size: 50 Annual demand: 20,000 Holding cost: $120 per unit per year Daily production rate: 200 Work days per year: 250

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