Question: These are 2 questions. Please answer both. Please! Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare

These are 2 questions. Please answer both. Please!

These are 2 questions. Please answer both.

These are 2 questions. Please answer both.

Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare for a reduced lot size. The firm uses a work year of 305 days. Setup labor cost $40.00 per hour Annual holding cost $17 per unit Daily production (8 hours) 800 units/day Annual demand for steering wheels 36,600 (305 days x daily demand of 120 units) Desired lot size (2 hours of production) Q = 200 units a) Setup cost = $(round your response to two decimal places). b) Setup time = minutes (round your response to two decimal places). Maggie Moylan Motorcycle Corp. uses kanbans to support its transmission assembly line. Determine the size of the kanban for the mainshaft assembly and the number of kanbans needed. Setup cost $20 Annual holding cost $400 per mainshaft Daily production 300 mainshafts/day Annual usage 25,000 (50 weeks x 5 days each x daily usage of 100 mainshafts) Lead time 3 days Safety stock 1.00 days' production Kanban container size = mainshafts (round your response to the nearest whole number). Number of kanbans = kanbans (round your response to the nearest whole number)

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