Question: Please answer this fully with all explanation and include excel spreadsheet if used. Answer will receive a thumbs up if following these guidelines and can
Please answer this fully with all explanation and include excel spreadsheet if used. Answer will receive a thumbs up if following these guidelines and can be fully answered. There is no additional information given except for what is in the question below.
What is the hourly wage rate using data from a minimum cost POQ application where the POQ is 173, setup cost is 6.00, annual demand is 6500, daily production is 200, annual holding cost of 3.69 with operating days of 300 and setup time of 10 minutes?
(ExcelOM may be needed)
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