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Question: You have received an order for 200 specially made items. The estimated labor improvement rate is ...

Show transcribed image text You have received an order for 200 specially made items. The estimated labor improvement rate is 20%. The number of hours to produce the first unit, T_1, is estimated to be 14 hours, labor costs average $20.00/hour, direct material cost average $ 100 per item, and overhead is 80% of direct material costs. (a) Estimate labor cost to produce unit number 200. (b) Estimate the total costs to produce 200 units including labor, material, and overhead. Materials cost experiences no learning.

You have received an order for 200 specially made items. The estimated labor improvement rate is 20%. The number of hours to produce the first unit, T_1, is estimated to be 14 hours, labor costs average $20.00/hour, direct material cost average $ 100 per item, and overhead is 80% of direct material costs. (a) Estimate labor cost to produce unit number 200. (b) Estimate the total costs to produce 200 units including labor, material, and overhead. Materials cost experiences no learning.