Question: Item 7 1 . 2 5 points Item 7 A firm has redesigned its production process so that it now takes 8 hours for a

Item7
1.25
points
Item 7
A firm has redesigned its production process so that it now takes 8 hours for a unit to be made. Using the old process, it took 13 hours to make a unit. The process makes one unit each hour, on average, and each unit is worth $1,500.
What is the reduction in work-in-process value?

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