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Given the following information about a product, at Phyllis Simon's firm, what is the appropriate setup time? Setup labor cost $30.00 per hour Annual holding

Given the following information about a product, at Phyllis Simon's firm, what is the appropriate setup time? Setup labor cost $30.00 per hour Annual holding cost $17 per unit Daily production 1,200 units/day Annual demand 29,000 Desired lot size 300 units

Setup time = ?

(round your response to two decimal places).

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