Process CapacityFOR FINALEstimating Capacity RequirementsYou have been asked to put together a capacity plan for a critical operation at the Sure foot Sandal Company. Your capacity measure is the number of machines. Three products are manufactured. The time standards, lot sizes, and demand forecasts are given below. The firm operates two $8-$hour shifts, $5$ days per week, $50$ weeks per year. Experience shows that a capacity cushion of $5$ percent is sufficient.ProductProcessing Time $($hour$/$pair$)$Setup Time $($hour$/$lot$)$Lot Size$($pairs$/$lot$)$Demand Forecast $($pairs$/$year$)$Mens sandals$0\mathrm{.}050\mathrm{.}524080,000$Womens sandals$0\mathrm{.}102\mathrm{.}218060,000$Childrens sandals$0\mathrm{.}023\mathrm{.}8360120,000$How many machines are needed? Note: Show all steps and calculations.SolutionDetermine the number of hours required to meet the demand forecast for Mens sandals. Note: Show all steps and calculations.Determine the number of hours required to meet the demand forecast for Womens sandals. Note: Show all steps and calculations.Determine the number of hours required to meet the demand forecast for Childrens sandals. Note: Show all steps and calculations.Determine the number of machines required to meet the demand forecast for mens, womens and childrens sandals. Provide for a capacity cushion of $5\%.$ Note: Show all steps and calculations.