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Part $1$

A firm wants to develop a level material use schedule based on the following data. What should be the setup$$ cost$?($Round answer to two decimal$$ places.$)$

Desired lot$$ size:

$60$

Annual$$ demand:

$10,000$

Holding$$ cost:

$ $20$

per unit per year

Daily production$$ rate:

$100$

Workdays per$$ year:

$250$

Part $2$

A$.$$ $1\mathrm{.}44$

B$.$$ $4\mathrm{.}32$

C$.$$ $2\mathrm{.}63$

D$.$$ $2\mathrm{.}16$

E$.$$ $0\mathrm{.}04$