Question
Given the following information about a product, at Phyllis Simon's firm, what is the appropriate setup time? Setup labor cost $45.00 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 | $45.00 per hour |
| Annual holding cost | $22 per unit |
| Daily production | 1,200 units/day |
| Annual demand | 26,000 (260 days eachtimesdaily demand of 100 units) |
| Desired lot size | 300 units
Set up time = ______ minutes (round to two decimal places)
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Construction accounting and financial management
Authors: Steven j. Peterson
2nd Edition
135017114, 978-0135017111
