What is the setup cost based on the desired lot size

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Reference no: EM131260403

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.

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a) What is the setup cost, based on the desired lot size?

b) What is the setup time, based on $40 per hour setup labor?

Reference no: EM131260403

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