Illustrate what is the reduction in work-in-process value

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Q. A industry has redesigned its production process so which it now takes 10 hours for a unit to be made. Using the old process, it took 15 hours to make a unit.

Required:

If the process makes one unit each hour on average and each unit is worth $1,500, illustrate what is the reduction in work-in-process value?

Reference no: EM13101633

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