Step 1: Metal Removal Rate Formula.
The metal removal rate \( MRR \) is calculated as follows:
\[
MRR = \text{Cutting Speed} \times \text{Feed Rate} \times \text{Depth of Cut}
\]
Where:
- Cutting speed \( V_c = 38 \, \text{m/min} \),
- Feed rate \( f = 0.32 \, \text{mm/rev} \).
The power \( P \) needed for turning is:
\[
P = \frac{\text{Power per unit volume} \times MRR}{1000}
\]
Step 2: Power and MRR Relationship.
Given a power per unit volume of 0.1 kW/cm³/min, and a maximum machine spindle power of 4 kW, we determine the maximum \( MRR \) to find the depth of cut.
\[
4 = \frac{0.1 \times MRR}{1000}
\]
\[
MRR = 48 \, \text{cm}^3/\text{min}
\]
Step 3: Depth of Cut Calculation.
Substitute the \( MRR \), cutting speed, and feed rate values into the \( MRR \) formula:
\[
48 = 38 \times 0.32 \times \text{Depth of Cut}
\]
\[
\text{Depth of Cut} = 3.29 \, \text{mm}
\]
Final Answer:
\[
\boxed{48 \, \text{cm}^3/\text{min} \, \text{and} \, 3.29 \, \text{mm}}
\]