This discussion is related to Making a Decision, MAD 16-1 of your text (page 832). The text gives you company details and asks for your analysis about two items, 1) the labor cost per unit (one sports coat) and 2) the labor hours per unit. I have started you off by completing the calculations for you! Take a look at the following tables: Total Direct Labor Cost Direct Labor Cost/Unit Job Count 107 63.00 10 6.30 125 98.00 14 7.00 160 123.20 16 7.70 192 51.20 6.40 Total Direct Labor Direct Labor Job Count Hours Hours/Unit |107 4.5 10 .45 |125 7.0 14 .50 |160 8.8 16 .55 192 3.2 .40
This discussion is related to Making a Decision, MAD 16-1 of your text (page 832). The text gives you company details and asks for your analysis about two items, 1) the labor cost per unit (one sports coat) and 2) the labor hours per unit. I have started you off by completing the calculations for you! Take a look at the following tables: Total Direct Labor Cost Direct Labor Cost/Unit Job Count 107 63.00 10 6.30 125 98.00 14 7.00 160 123.20 16 7.70 192 51.20 6.40 Total Direct Labor Direct Labor Job Count Hours Hours/Unit |107 4.5 10 .45 |125 7.0 14 .50 |160 8.8 16 .55 192 3.2 .40
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
Section12.4: Costs In The Short Run And In The Long Run
Problem 4QQ
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