Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. 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 300 days.Setup labor cost$40.00 per hourAnnual holding cost$11 per unitDaily production (8 hours)800 units/dayAnnual demand for steering wheelsDesired lot size (2 hours of production)33,000 (300 days x daily demand of 110 units)Q = 200 unitsa) Setup cost-$ (round your response to two decimal places)b) Setup time= minutes (round your response to two decimal places)

Let me state the given data, For the given data, I will determine the setup cost and the setup time,…

Answered: a) Setup cost-$ b) Setup time (round…

a) Setup cost-$ b) Setup time (round your response to two decimal places) minutes (round your response to two decimal places)

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.

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 300 days.
Setup labor cost
$40.00 per hour
Annual holding cost
$11 per unit
Daily production (8 hours)
800 units/day
Annual demand for steering wheels
Desired lot size (2 hours of production)
33,000 (300 days x daily demand of 110 units)
Q = 200 units
a) Setup cost-$ (round your response to two decimal places)
b) Setup time= minutes (round your response to two decimal places)

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