Johnson Industries received a contract to develop and produce four high- intensity long-distance receiver/ transmitters for cellular telephones. The First took 2,000 labor hours and $ 39,000 worth of purchased and manufactured parts; the second took 1,500 labor hours and $ 37,050 in parts; the third took 1,450 labor hours and $ 31,000 in parts; and the fourth took 1,275 labor hours and $ 31,492 in parts. Johnson was asked to bid on a follow- on contract for another dozen receiver/ transmitter units. Ignoring any forgetting factor effects, what should Johnson estimate time and parts costs to be for the dozen units?
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