Question: Sage manages a foundry that operates 1 2 hours per day 2 4 0 days per year. The daily demand for door knobs is 3

Sage manages a foundry that operates 12 hours per day 240 days per year. The daily demand for door knobs is 3,000. Assume she runs two production cycles per day(one cycle for brass knobs and one for steel knobs)- resulting in a target lot quantity(Qp) of 1,500 units per production run. To produce each type of knob, the line must be reconfigured and set-up between each production cycle. Assume the company is capable of producing 6,000 door knobs per day and holding cost per unit is $0.85 per year.
Assume the set-up labor rate is $15 per hour, what is the target set-up time in minutes?
Group of answer choices
2.6
Cannot determine from the information given
0.044
60
1440

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