Problem:
The normal scrap loss for four successive operations is 5%, 3%, 15%, and 10% respectively.
Question 1) How many units should be started through in order to finish with 1,200 pieces?
Question 2) Find:
i) The total machine time needed if the operations times are 3,6, 4, and 5 minutes respectively.
ii) The total cost if the cost per unit for each successive operation is $2, $5, $3, and $1, respectively
Solve the problem and show all work.