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Develop a level material use schedule. Calculate the setup cost. Question 22: A firm wants to develop a level

material use schedule based on the following data. What should be the setup cost? a) $0.45 b) $4.50 c) $45 d) $450 e) $500 The provided data is: Desired lot size: 60 Annual demand: 40,000 Holding cost: $20 per unit per year Daily production rate: 320 Work days per year: 250

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