Question: Assuming that labor, materials, and energy are the only inputs to produce the product. Total production = 8,000 units; Price = $35 per unit Labor
Assuming that labor, materials, and energy are the only inputs to produce the product. Total production = 8,000 units; Price = $35 per unit Labor Hours Used = 800 hours; Labor Cost = $15 per hour Energy Used = 5,000 kWh (kilowatt hours); Energy Cost = $5 per kW (kilowatt) Raw Material Cost = $3,500.
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