Question: a) Setup cost=$ b) Setup time=$ Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare for a

a) Setup cost=$

b) Setup time=$

Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare for a reduced lot size. The firm uses a work year of 300 days. units) a) Setup cost=$ (round your response to two decimal places)

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