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ana Given the following information about a product, at Michael Gibson's firm, what is the appropriate setup time? Setup labor cost Annual holding cost $30.00

ana Given the following information about a product, at Michael Gibson's firm, what is the appropriate setup time? Setup labor cost Annual holding cost $30.00 per hour $11 per unit 1,200 units/day 28,000 (280 days each x daily demand of 100 units) Daily production Annual demand Desired lot size 300 units Test Setup time minutes (round your response to two decimal places)

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