Question: Question 3 A firm wants to develop a level material use schedule based on the following data. What should be the setup cost? Desired lot

Question 3 A firm wants to develop a level material use schedule based on the following data. What should be the setup cost? Desired lot size Annual Demand Holding Cost Daily production rate Working days per year Excel Access 728 units 40,000 units per year $20 per unit per year 320 units per day 250 days per year

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