Question: A process costs $200 to set up. The run time is 5 minutes per piece and the run cost is $30 per hour. Determine the

A process costs $200 to set up. The run time is 5 minutes per piece and the run cost is $30 per hour. Determine the following:

a. The fixed cost.

b. The variable cost.

c. The total cost and unit cost for a lot of 600.

d. The total cost and unit cost for a lot of 1200.

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