Question: Labor cost for set - up is $ 5 0 0 / hour . The plant plans on level material use and operates 5 0

Labor cost for set-up is $500/hour. The plant plans on level material use and operates 50 days per year to satisfy an annual demand of 5000 units. Dailty production is projected to be 1000 units and lot size is 700. Annual holding cost per unit is projected to be $25. Calculate the time it takes to setup.

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