Question: Consider the production process for manufacturing widgets. The first step in the process can produce 80% good products. Among the defective products, 60% can be
Consider the production process for manufacturing widgets. The first step in the process can produce 80% good products. Among the defective products, 60% can be salvaged by reworking on them. The rest of the products are discarded. The manufacturing cost for the first step is estimated to be $79 per widget. The cost of reworking on the widgets is $23 per widget.
What is the unit production cost if you start with 1000 units as input? Provide your answer up to 2 decimals. Do not include $. For example, if your answer is $35.42 then input 35.42.
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