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: 60

A firm wants to develop a level material use schedule based on the following data. What should be the setup cost?

Desired lot size:

60

Annual demand:

40,000

Holding cost:

$16 per unit per year

Daily production rate:

320

Work days per year:

250

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