A local manufacturing company is starting a new batch-production of 5200 machined parts. The starting work part costs 7.50 SR, each. Part handling time for each cycle = 3.5 min, and machining time per part = 3.26 min. It takes 180 min to set up the machine for the whole production. Equipment cost rate = 125.00 SR/hr, and labor cost rate = 75.00 SR/hr. Both rates include overhead costs. The cutting tool in the operation costs = 42.00 SR, and it must be changed every 20 parts. Tool change time = 3.5 min. Availability of the machine tool = 94.0%, and the scrap rate = 4.0%. Determine: a) required time (hours) to complete the batch; b) production rate of good parts; c) total cost of the batch; d) cost of good-finished part. A local manufacturing company is starting a new batch-production of 5200 machined parts. The starting work part costs 7.50 SR, each. Part handling time for each cycle = 3.5 min, and machining time per part = 3.26 min. It takes 180 min to set up the machine for the whole production. Equipment cost rate = 125.00 SR/hr, and labor cost rate = 75.00 SR/hr. Both rates include overhead costs. The cutting tool in the operation costs = 42.00 SR, and it must be changed every 20 parts. Tool change time = 3.5 min. Availability of the machine tool = 94.0%, and the scrap rate = 4.0%. Determine: a) required time (hours) to complete the batch; b) production rate of good parts; c) total cost of the batch; d) cost of good-finished part