Labor cost for set-up is $500/hour. If the plant plans on level material use and operates 50 days per year, determine the time it takes to setup.
$$\begin{array} { | l | l | }
\hline \text { Annual demand } & 5000 \
\hline \text { Daily production } & 1000 \
\hline \text { Lot size } & 700 \
\hline \text { Holding cost } & \$ 25 \
\hline
\end{array}$$

Question

Labor cost for set-up is $500/hour. If the plant plans on level material use and operates 50 days per year, determine the time it takes to setup.
 $$\begin{array} { | l | l | } 
\hline \text { Annual demand } & 5000 \
\hline \text { Daily production } & 1000 \
\hline \text { Lot size } & 700 \
\hline \text { Holding cost } & \$ 25 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Labor cost for set-up is $500/hour. If the plant plans on level material use and operates 50 days per year, determine the time it takes to setup.
 $$\begin{array} { | l | l | } 
\hline \text { Annual demand } & 5000 \
\hline \text { Daily production } & 1000 \
\hline \text { Lot size } & 700 \
\hline \text { Holding cost } & \$ 25 \
\hline
\end{array}$$

Labor Cost for Set-Up Is $500/hour