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he will reduce his component lot sizes. He has developed the following data for one component, the safety chain clip: Setup labor cost $ 2

he will reduce his component lot sizes. He has developed the following data for one component, the safety chain clip:
Setup labor cost $20 per hour
Annual holding cost $16 per unit
Daily production ,976 units/8 hour day
Annual demand ,24,840(270 days each daily demand of 92 units)
Desired lot size 122 units (one hour of production)
To obtain the desired lot size, the set-up time that should be achieved = minutes (round your response to two decimal places).
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