Problem 3 (9 Points) A die-casting machine produces 75 pcs (parts) of engine piston in a batch process Use the following information: Cost rate of labor = AED 30/hr and applicable labor overhead of 37% Cost rate of the Die-casting machine including the equipment overhead - AED 37/hr Cost of liquid metal including foundry expenses AED 12/pc The cost of die (tooling)- AED 71,000 and is expected to last for 104,000 pcs. Time to set up the machine and dies - 22 min. Time for loading and handling 3 min/pc The time of actual casting-2 min/pc Determine for this casting process the following (a) Cycle time, (3 pts) C: 30/ Q=75 (b) Average production rate, (3 pts) (c) Cost per engine piston produced (3 pts)