Table 4.1 The Union Manufacturing Company is producing two types of products: A and B. The demand forecasts, batch size, and time standards follow: Product A Product B Demand forecast (units/yr) 3,000 6,000 Batch size (units/batch) 20 30 Processing time (hr/unit) 5 Setup time (hr/batch) 10 20 Both products are produced on the same machine, called Mark I. Using Table 4.1, what is the total number of hours required of Mark I equipment for the next year? more than 31,000 hour between 29,000 and 30,000 hours between 30,000 and 31,000 hours fewer than 29,000 hours