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Continuous improvement program that required

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Reference no: EM131775597

Seemore Company manufactures binoculars. The actual costs for 2013 and 2014 were as follows:

  2013   2014  
Direct materials:        
  Plastic case $ 8.00   $ 7.60  
  Lens set 34.00   34.40  
Direct labor 64.00 (1.6 hours) 60.00 (1.5 hours)
Indirect manufacturing costs:        
  Variable 16.00   14.20  
  Fixed 4.00 (100,000 units) 3.80 (120,000 units)

Beginning in 2014, Seemore implemented a continuous improvement program that required a first-year cost reduction target of a 7 percent reduction of the 2013 base.

Seemore's continuous improvement target for direct labor in 2014 was:

Reference no: EM131775597

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