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