Nearsight Company manufactures glasses. The actual costs for 2019 and 2020 were as follows: Direct materials:...

 

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Nearsight Company manufactures glasses. The actual costs for 2019 and 2020 were as follows: Direct materials: 2019 2020 Plastic frames Lens set $4.00 $ 3.80 17.00 17.20 Direct labor 32.00 (1.6 hours) 30.00 (1.5 hours) Indirect manufacturing costs: Variable Fixed 8,00 7.10 2.00 (50,000 units) 1.60 (60,000 units) Beginning in 2020, Nearsight implemented a continuous improvement program that required a first-year cost reduction target of a 5 percent reduction of the 2019 base. Nearsight's continuous improvement target for direct labor in 2020 was: Nearsight Company manufactures glasses. The actual costs for 2019 and 2020 were as follows: Direct materials: 2019 2020 Plastic frames Lens set $4.00 $ 3.80 17.00 17.20 Direct labor 32.00 (1.6 hours) 30.00 (1.5 hours) Indirect manufacturing costs: Variable Fixed 8,00 7.10 2.00 (50,000 units) 1.60 (60,000 units) Beginning in 2020, Nearsight implemented a continuous improvement program that required a first-year cost reduction target of a 5 percent reduction of the 2019 base. Nearsight's continuous improvement target for direct labor in 2020 was: