A department works one 8-hour shift, 250 days a year, and has these figures for usage of a machine that is curently being considered:
Product | Annual Demand | Standard Processing Time per Unit (hr) | Processing Time Needed (hr) |
1 | 400 | 5·0 | 2,000 |
2 | 300 | 8·0 | 2,400 |
3 | 700 | 2·0 | \underline{1,400} |
5,800 |