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Given the following information about a product at Michael Gibson's firm, what is the appropriate setup time? Annual demand =39,000 units Daily demand =150 units

image text in transcribed Given the following information about a product at Michael Gibson's firm, what is the appropriate setup time? Annual demand =39,000 units Daily demand =150 units Daily production =1,000 units Desired lot size =150 units Holding cost per unit per year =$10 Setup labor cost per hour =$40 3.989 2.375 5.4876

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