Determine the average unit cost for the lot

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Question: A lot of 20 units is to be produced. Labour cost is $8.50 per hour. Setup cost is $50 and material cost is $20 per unit. The learning percentage is expected to be 90 percent. Overhead is charged at the rate of 50 percent of total labour, material, and setup cost. Determine the average unit cost for the lot, given that the first unit took 5 hours to complete

 

Reference no: EM133449038

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