Question: John & Son Controls makes temperature control devices at the rate of 8 0 0 per day. The company makes 1 5 batches ( i

John & Son Controls makes temperature control devices at the rate of 800 per day. The company makes 15 batches (i.e. production runs) of these devices per year. The cost per setup is $212. What is the total annual holding cost assuming they use the FOQ?

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