Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average

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Carol Cagle Has A Repetitive Manufacturing Plant Producing Trailer Hitches In Arlington Texas The Plant Has An Average 1 (80.28 KiB) Viewed 19 times

Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. He has therefore determined that 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 $13 per unit Annual holding cost 976 units/8 hour day Daily production Annual demand 32,400 (270 days each x daily demand of 120 units) 122 units (one hour of production) Desired lot size minutes (round your response to two decimal To obtain the desired lot size, the set-up time that should be achieved = places).