Question: Cost elements associated with the operation of the ten-station transfer line in Problem 16.4 are as follows: raw work part cost = $0.55/pc, line operating

Cost elements associated with the operation of the ten-station transfer line in Problem 16.4 are as follows: raw work part cost = $0.55/pc, line operating cost = $42.00/hr, and cost of disposable tooling = $0.27/pc. Compute the average cost of a work piece produced.
Problem 16.4
A ten-station transfer machine has an ideal cycle time of 30 sec. The frequency of line stops is 0.075 stops per cycle. When a line stop occurs, the average downtime is 4.0 min.

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