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

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? 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