Question: The starting work part costs $2.00 in a sequential batch production operation. Batch quantity = 100 parts. Each cycle, part handling time = 0.40 min,

The starting work part costs $2.00 in a sequential batch production operation. Batch quantity = 100 parts. Each cycle, part handling time = 0.40 min, and operation time = 1.52 min. Setup time = 50 min. Equipment cost rate = $30.00/hr, and labor cost rate = $18.00/hr, 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.

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