A firm wants to develop a level material use schedule based, Ask an Expert

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A firm wants to develop a level material use schedule based on the following data. What should be the setup cost?
Desired lot size: 60
Annual demand: 40,000
Holding cost: $20 per unit per year
Daily production rate: 320
Work days per year: 250

a)$0.45
b)$4.50
c)$45
d)450
e)$500

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M981815

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