[15 marks] A company manufactures a product that is used in home appliances. The factory building is rented for $1,750 p

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15 Marks A Company Manufactures A Product That Is Used In Home Appliances The Factory Building Is Rented For 1 750 P 1 (34.98 KiB) Viewed 17 times

[15 marks] A company manufactures a product that is used in home appliances. The factory building is rented for $1,750 per month and the material cost is $100 per unit. The labor cost is $15/hour. An 85% learning curve applies to labor, and it takes 10 hours to complete the first unit. The company decides to use the time of the 25th unit as a standard for cost estimation. If the selling price per unit is P = $600 -0.04D, find the following: a. 15 marks] The value of the variable cost per unit cv (round the final answer for cv to the nearest integer). b. 15 marks] The optimum number of units, to be produced in a month, to maximize revenue. c. 15 marks] The optimum number of units, to be produced in a month, to maximize profit.