Proposed changes to bottle design and production process: The container division manager is considering having both the bottle redesigned and the bottle production process reengineered so that the plastic usage would drop by 30% overall due both to generating less scrap in the manufacturing process and using less plastic in each bottle. In addition to decreasing the amount of plastic used in producing the bottles, the additional following benefits would be realized: a. Direct labor hours would be reduced by 20% because less scrap would be handled in the production process. b. Total estimated variable manufacturing overhead would be reduced by 10% because less scrap would need to be hauled away, less electricity would be used in the production process, and less inventory would need to be stocked. More into Current bottle production information: The cost and time standards per batch of 10,000 bottles are as follows: Melford Containers currently uses a recycled plastic to make bottles for the food industry. (Click the icon to view the current bottle production information) hours (DLH). The cost savings per batch is First select the formula to compute the number of batches to recoup the cost of implementing the change, then compute the number of batches. (Round all amounts to the nearest whole number.) Requirement 4. What other benefits might arise from making this change to using less plastic in the manufacture of the bottles? Are there any risks? The company will recognize cost savings once batches have been produced. Not only will the company reap financial benefits, but also the company will The company faces the risk that Melford Containers currently uses a recycled plastic to make bottles for the food industry. (Click the icon to view the current bottle production information) hours (DLH)