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In: Mechanical Engineering

A component requires two (2) operations to complete it. The first operation has the following information:...

A component requires two (2) operations to complete it. The first operation has the following information: Machining Time = 2.445 min., Handling Time = 1.334 min., Tool Change Time = 21.45 min. which needs to be changed every 1675 pieces with a Tool Cost of $133.00 per tool. The operational cost for the first operation = $116.67 per hour. The second operation has the following information: Machining Time = 1.436 min., Handling Time = 0.849 min., Tool change Time = 18.75 min. which needs to be changed every 970 pieces with a Tool Cost of $68.40 per tool. The operational cost for the second operation = $116.67 per hour. What is the total Cost for the component?

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