Question: The starting work part costs $ 2 . 0 0 in a batch production operation. Batch quantity = 1 0 0 parts. Each cycle, part

The starting work part costs $2.00 in a batch production operation. Batch quantity =100 parts. Each cycle, part handling time =0.40min, and operation time =1.52min. Setup time =50min. Equipment cost rate =$30.00hr, and labor cost rate =$18.00hr, including overhead costs. There is no tool change or tool cost in the operation. The machine tool is 100% reliable, and scrap rate =2%. Determine (a) production rate, (b) finished part cost, and (c) number of hours required to complete the batch. (20pt)zen
 The starting work part costs $2.00 in a batch production operation.

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