Question: a firm has redesigned its production process so that it now takes 7 hours for a unit to be made. using the old process, it

a firm has redesigned its production process so that it now takes 7 hours for a unit to be made. using the old process, it took 12 hours to make a unit. the process makes one unit each hour, on average, and each unit is worth $2000. what is the redutcion in work-in-process value?

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