A process has 2 steps. The first step uses a cutting machine that takes 10 minutes to cut one part. However, this cutting machine requires a setup of 20 minutes before each batch. The second step uses a machine to paint the parts produced in the first step. Painting takes 20 minutes per part. Assuming that the process has unlimited demand, what is the ideal batch size? Multiple Choice 20 3 O 2 10 A department store reports the following data in its financial statement: Annual sales: $10 million Cost of goods sold: $5 million Inventory: $1 million Net Income: $2 million What are annual inventory turns? Multiple Choice 10 O 0.5 O O 2