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 1) $0.45 2) $4.50 3) $45 (4) $450 5 $500 E

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