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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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If 11 workers can produce a total of 54 units of a product and a 12th worker has a marginal product of 6 units, what is the average product of 12 workers?
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