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The same production machine is used to produce a batch of parts that each has a starting material cost of C m = $ 2

The same production machine is used to produce a batch of parts that each has a starting material cost of Cm=$2.5. Batch quantity Q=150. The actual processing time in the operation To=3.25 min. Time to load and unload each workpiece Th=1.5min. Tool cost =$4.0, and each tool can be used for 20 pieces before it is changed, which takes 2.0min. Before production can begin, the machine must be set up, which takes Tsu=1.5 hours. Hourly wage rate of the operator RH=$10.50hr, and the applicable labor overhead rate RLOH=35%. Determine the:
(a) cycle time Tc for the piece,
(b) avg. production rate Rp when setup time is figured in, and
(c) cost per piece Cpc.
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