Question: please answer 7 and 8.. and show work please During the month, 200 units were produced, with no defects, requiring three setups. Each unit consisted
During the month, 200 units were produced, with no defects, requiring three setups. Each unit consisted of 17 parts, 3 direct labor hours and 2.5 machine hours. Direct materials cost $50 per finished unit. What is the per unit manufacturing cost for the period? 7. Office Supplies Only store costs are expressed as a function of the unit sales of its two products: office chairs and task desks. Assume fixed costs are $11,000 per month and the variable costs are $60 per office chair and $125 per task desk. What are Office Supplies Only's estimated costs for the month if 150 office chairs and 80 task desks are sold? 8. Given the equation, Y=4,000+2.5X. The coefficient of determination (RSquared) is calculated to be 0.80 (or 80% ). In this equation, what does RSquared imply
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