Question: Explain with steps using algebra Total Cost Analysis Example Insourcing Option Plan: Produce 1000 parts per week Anticipated total lifetime demand =250,000 parts Direct Labor

Explain with steps using algebra

Explain with steps using algebra Total Cost

Total Cost Analysis Example Insourcing Option Plan: Produce 1000 parts per week Anticipated total lifetime demand =250,000 parts Direct Labor Cost: 1 person can produce 500 parts per week 1 person costs $800/ week Direct Material Cost: $3 per part Mold Purchase: $45,000 (One time purchase) Total Cost Per Unit: ? 79

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