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A stamping press produces sheet-metal stampings in batches. The press is operated by a worker whose...

A stamping press produces sheet-metal stampings in batches. The press is operated by a worker whose labor rate = $15.00/hr and applicable labor overhead rate = 42%. Cost rate of the press = $22.50/hr and applicable equipment overhead rate = 20%. In one job of interest., the batch size = 400 stampings. The time to set up the die/tooling in the press takes 75 min. The die/tooling used in the operation cost $40,000 and is expected to last for 200,000 stampings. Each cycle in the operation requires the starting blanks of sheet metal to be manually loaded into the press, which takes 42 sec. The actual press stroke takes only 8 sec. Unloading the stamping from the press takes 13 sec. Cost of the starting blanks = $0.23/pc. The press operates 250 days per year, 8 hours per day. Assume availability = 100% and scrap rate = 0. Determine cycle time in minutes and cost per stamping produced in dollars.

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