Problem 16.1 Question Help Carol Cagle has a repetitive manufacturing plant producing trailer liches in Arlington, Texas. The plant has an averago inventory tumover of only 12 mes per year. He has therefore determined that he will reduce his component lot sizes. He has developed the following data for one component the safety chain clip: Setup labor cost $25 por hour Annual holding cost $15 per unit Daly production 982 unit hour day Annual demand 42.000 250 days each day demand of 158 units) Desired lot size 124 units (one hour of production) To colante desired to see the nece time that should be achieved - 3 minutes fround your response to two decima po you the box and check All parts showing 1 NB 3 S 4 5 Q w E R T T caps lock S D F G shift N C V